Looks like the Wall Street Journal agrees with us

While LPs remain a niche product -- the sales figures are minuscule compared with the amount of music sold digitally -- their resurgence is notable. World-wide sales of LP records doubled in 2007 (from three million to six million units) after hitting an all-time low in 2006, according to figures from IFPI, the international recording industry trade association. Global sales of CDs dropped 12% in the same period, after having fallen 10% the previous year. In the U.S., sales of vinyl records increased 36% from 2006-2007 while CD sales dropped nearly 18%. Those figures are just for new purchases; they don't include the vast secondary market for LPs online and in used record shops.