That's one of the reasons why storing your music in FLAC may be a good idea 
james
I fully agree, which is why I went digital years ago, and my files are stored as lossless FLAC. With dbPoweramp, I can convert back to WAV, or if coerced, even use Apple iPods by converting to their proprietary formats. The point is to have choice, and FLAC gives me that.
The lightbulb went on after I had collected a substantial laser disc collection (remember those?) while in Hong Kong, only to discover that the technology dead-ended, and everything was coming out on DVD.
I had already bought the films on VHS, then replaced them all with the higher quality LD. Hollywood took the approach that it was the physical media that I had purchased, not the content.
Which lasted right up until stores started selling used discs and people figured out how to copy DVD's, at which point they insisted you were only licensing the material, and they had the right to control the medium as well. In came the dreaded Digital Millennium Copyright Act (DMCA) and it became a crime to even attempt to manage the content yourself.
So which is it? If I have licensed the material, then I should be able to store it in any format I see fit, or have it replaced if the medium is damaged. If it is purchased, I should be able to resell it, copy it for my own use, or generally dispose of it as I see it
Thank goodness CD's were used as a data medium on PC's or we would never have been able to liberate the music.
I have a great deal of music "trapped" on vinyl. It is still usable, but the cleaning, flipping, and pops and clicks are something I just don't want to go back to. In fact I hardly ever listen to vinyl, while I am constantly wandering through my digital collection.
I miss the cover art and the tactile feel of the LP's, but I don't miss the hassle.