Well.. some times coloring and distortion is a good thing, but yeah, i agree for the most part.. vintage gear is WAY overrated.
But for example we have tape-saturation, the kind of saturation/distortion you get from analog tape gives you that nice crisp treble, smooth mids and warm lows, it simply sounds very pleasant to the ears.
With the same logic he uses, you could say that all modern mic'ing techniques are wrong.. because it doesnt sound like it does in the room.
Dont use compressors, it creates unnatural dynamics.
Throw out your tube amps, transistors have much higher clean headroom and lower SNR then tubes!
But yeah, im still for the modern day recording methods.. but there is still allot of good qualities in vintage gear(Despite the distortion.).
People are too afraid of having a "sound" these days.
An example is this song me and my friend is working on for a "bring teh lulz 80's synth-pop"-record:
http://dl.dropbox.com/u/876568/80talsdänga.mp3
Fuckton of vintage reverbs, eq-simulations and tapesaturation.. you cant get that sound without it, i know it sounds distorted and slightly muddy, but its still very fat/big sounding and pleasant to the ears.