Interesting debate,
I continue to listen to music on all formats, LPp's cd's and cassettes even, I still have many of the latter and their quality, being anologue, is "better" than cds.
Whilst I'm on the move I have an ipod shuffle which is the best ?20 I have ever spent in my entire life, along with a ?40 pair if small sennheiser phones, so I have pretty much hi fi quality on my bike, walking and running.
I download onto ipod through Itunes from Limewire which has an extensive, free, catologue and so far I have not been arrested or received a bill!
As far as quality goes though a good LP's wipes the floor with all other formats.