Re: Bah, humbug.
I've no issue with buying cheap CDs - but I rip them into iTunes where using Match they appear on all my devices and can be streamed or downloaded to any. Sometimes I listen to an album (as distributed) but more often I compile playlists - something you just cannot do the same with CDs.
Newly released music I buy the tracks I want (after previewing them online) which works out cheaper than buying a whole CD of 50% tracks I didn't want and can get them immediately.
As for quality - probably CD has the edge over compressed formats but Apple's iTunes Plus encoding does well to my ears in a head to head comparison and with Apple Match they even give you a high quality encoded version which may be better than a lower quality MP3 etc. So yes you may trade a slightly (but probably unnoticeable to most people) lower quality for huge convenience.