First let me say I LOVE physical media. But at least 90% of my listening is not a full album start to finish. The playlist is my go to listening mode and that is difficult to replicate with pure physical media.
I’ve ripped every CD I own to my Emby server and make the playlists from there. Serves me well in the way that I like to enjoy my music.
Absolutely still buy CD’s, recently completed my MUST get collection even. I tried to ride the vinyl resurgence, but since I listen to some niche genre’s those $100-$300 per album prices were a hard no from me.
I usually get the CD, rip it to my Emby Server as FLAC, and then if I’m feeling nostalgic I put it on Minidisc either as a compilation or full album.