As an audiophile (Krell+Levinson+Thiel gear at home), I definitely don't want to grab an analog signal. Doing that the signal is sure to retain characteristics of the extracting gear. But the vast majority of P2P kids won't care one iota that their file was analog for half a second.
-TD
I'll ditto that - my brother is an extremist audiophile - he writes reviews for the high-end stuff (google "Mike Trei"). Many (by no means all) top end audophiles prefer all-analog equipment, and direct-cut vinyl records (ie, the master disk was cut directly at the performance, without a magtape master). I've listened to some of this stuff, and it just blows digital away.
What else do you expect, when any audiophile who denies that inaudible frequencies make the music "warmer" proves himself to be a philistine with ears of tin? Remember, it was the fashion and clothing EXPERTS who were the most insistent that the emperor's new clothes were absolutely marvelous.