+1What also should not be forgotten is that the marketing slogan "Perfect Sound Forever" was not necessarily aimed at audiophiles. It was aimed at the mass market of regular music lovers where the real money was to be made by the music industry.
And regular music lovers (including all my non-audiophile friends and acquaintances) could not have been happier to make the switch quickly and forget about their LPs which did not sound that good on their, by audiophile standards, mediocre vinyl playback setups.