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I don't think that CD and Vinyl make a great analogy from e-books vs. paper books. Both CD and vinyl offer pretty much the same experience, the listener might not even know whether they are listening to a CD or a vinyl record. The reader does know if they are reading an e-book or a paper book. The difference is much more tangible than it is with CD and Vinyl. CD and MP3 might be a better analogy. You can download MP3s, but CDs stick around because it is a convenient backup. I like being able to rip the songs and put the CD on the shelf as a backup.
I think e-books will dominate the market, but paper books will still retain a significant share of the market. Paper books will remain useful when you don't want to hand everyone an e-reader. Paper books for young children will probably remain a viable market. Paper books in prisons make a lot of sense. And bibles and hymnals will probably keep the printing presses running for a long time.
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