ipod & itunes are not low-rez crap--I'll take them over 7.5 ips anytime, over 15 ips most of the time & over 30 ips probably never, but who is going to actually use 30ips, or even 15? Lossless digital like AAC has better dynamic range, flatter freq. response & cleaner 'saturation' than any analog format. Not to mention no dropouts, the bane of the analog tape world. And if you want to get serious about computer sound you can go a whole lot better than that for not a whole lot of money.
Consumer reel-to-reel from pioneer, tandberg, most sony, Akai (Roberts) etc maybe sounded alreight but back in the day but they were never particularly reliable, except perhaps those manual-control Sonys. One other thing, they were noisy---scrape scrape scrape scrape scrape CLUNK Whirrr whirr whirr slap slap slap slap slap.
Reel to reel were marvelous complex electromechanical devices and they have a certain romance. As I read your profile (industrial designer) I realized that your interest may lie more in that direction rather than function. The coolest-looking decks were the Revox/Studers, and come to think of it I wouldn't mind having a Revox B770 right where everyone could gawp at it.