@martinb, Welcome.
Firstly, the digital vs. analog arguments are silly. Digital is a Pixar movie. You can do ANYTHING. And it is all fake, a reconstruction. Analog is live action, subject to physical laws and constraints.
Analog is not for everyone. It is for nerds that want to be close to the physical signal pathway and navigate physical constrains. It is expensive -- a good system is only as good as its weakest component. And, at a certain level incremental gains are to be had for increasingly copious amounts of cash.
That is what makes this hobby so satisfying... for a certain type of person, that is.
My advice, having been in high-end audio for the past three years: save up for the GOOD system on the first (or second) try. Stay away from the incremental upgrade path. You will save money and not constantly be jonesing for "more".
My system is a Merrill design, his PolyTable, 12.7" tonearm -> Mutech Hayabusa MC cart -> Sutherland Vibe preamp -> Marantz Model 30 -> Wharfedale Linton 85s + Aperion ribbons + SVS-2000 sub (x1). Pretty sweet setup, and I would put it next to a digital-only system any day.
The best system? No. Could it be improved? Yes. But does a recording of a live performance sound like a live performance in my living room? Yes it does. It is the best system for me, for what I am willing to spend. It does not need equalization. It plays exactly what is in the grooves.
It isn't a peeing contest -- it is what you like and what you want. And with analog, your choices affect the sound. You can influence it at a tactile level.
The hobby is not for the masses, but it can be genuinely rewarding.

