I know what you mean, my nephew is a teenager and does not own a single CD, it's all downloads these days.
What we have here is a triumph of convenience over quality.
Even the CD format was in itself a compromise, and now that has been compromised again for the MP3 generation.
I love iTunes, but I still buy physical media for two reasons, first no matter what happens to my computer/HD I still have the disc, 2 I can rip via Apple lossless format to get the best quality possible.
My nephew thinks I am a dinosaur!
At least my living room is no longer holding 4 or 5 hundred CD's, they are all in itunes and on my Apple TV.
I really wanted to capture the higher quality of SACD, but I guess I will have to let it go and use the SACD player in the front room.