I think when Michael Fraemer said that dCS's $250,000 streaming setup was almost as good as vinyl, that pretty much reinforced my feelings. I never question whether streaming will sound as good as vinyl, at least in my lifetime. Most of us spend maybe as much as $10,000 on a good streamer. Some might be able to afford dCS Bartok Apex at around $30,000 +. If the dCS assemblage costing $250,000 was "almost" as good as vinyl, the $30K dCS will clearly be inferior to vinyl.
When I put on a good record, it almost gives me shivers it sounds so present. Streaming simply cannot capture the decay of cymbals or the tight bass without overhang that a good analogue setup can. And streaming simply does not have the air that surrounds the music the way that analogue does. Good streamers I've heard can capture each instrument quite well, but compared to vinyl, streaming doesn't sound like a group of musicians playing together in the same space. This is most easily heard on well recorded, intimate jazz albums. Good streaming sounds like each instrument is well reproduced, perhaps even cleaner than vinyl, but it sounds like the instruments were cut out and pasted into one space as if they're playing together. In analogue they are playing together, in the same place and sharing the same air. I think that's what streaming loses the most, air.
To qualify this, my analogue rig is a VPI Prime Signature 21 with a VPI Shyla cartridge. Phono preamp Pass Labs XP-25. Preamp Pass Labs XP-30. Amp Hovland Radia. Speakers Sonus Faber Olympica Nova V. So, I have a very revealing system and pretty decent analogue rig. So, that's going to make a difference.
I purchased a Moon 280D streamer, which is decent, but kind of at the bottom of the high end. My CD player is a McCormack UDP-1, quite good 25 years ago. Yet I have heard better streamers at my dealer. The new Linn Organik which sounded very good. But was still lacking the air of my analogue rig, and apparently many other people who prefer analogue mention the same thing about capturing the air.

