I stopped buying physical media a couple of years ago, for two main reasons. 1) I only want a couple of songs from most (and I mean almost all) CD's. and 2) I already have a couple thousand CD's and don't really have room to store more.
BUT, I really notice the difference in sound between my downloads (especially 128k ones) and my lossless rips. Now it doesn't make a lot of difference listening on my phone, but on my stereo or my computer (runs through a Bose Companion 5) there is a huge difference. Having the sub separating the bass from the stream gives a huge boost to the clarity of the rest. From a strictly audiophile standpoint, even CD's aren't perfect, just crisp. There is an "experience" to listening to vinyl, but also a lot of work to maintain the vinyl, the equipment, etc.
As far as having the musicians and lyrics and etc. that's nice if I'm in the living room listening to a beloved CD (which is EXTREMELY rare, but otherwise, I'm sitting at my computer where the internet will give me WAY more info, or on the move listening through my phone's buds and don't have time or access to see the info. Most digital DLs come with the digital booklet now, anyway.
For the everyday listening (when you're just "hearing" the music in the background while you game or work or travel or whatever) the downloads work fine. But when you're sitting in the listening room and you just want to HEAR something extraordinary, there's nothing like good old vinyl, but a well done CD takes a close second...