Nooo! This can't happen! I NEED CDs! I'm still building up my sad collection LOL! I DO listen to my mp3 player a lot more than a CD player but that's because it's much easier to carry those than a CD player and a bunch of CDs, plus I would horribly FREAK OUT if any of my CDs get scratched, and carrying them around puts much risk on them, but yeah, like most of you guys say, I like having something physical to represent the album with the art work and the notes and everything. I always make sure to read everything in and on the CD.
As with the quality, yes, CDs sound so much better than mp3s but from what I've seen (or heard) over here with all of the "popular music" these days, people don't care about their quality of music like that. Most people I'd say, don't even notice it.
I hope there really isn't an end to physical media spending money on something that's just digital just doesn't feel right to me sometimes.