You could've said all this about any modern technology, especially once it comes to digital.
Computers render tape machines a worthless pile of junk - true. Plugins render many HW synths obsolete - true. Plugins render many outboard FX obsolete - true. Etc. Be it so.
They're all just some of the major steps in the democratization of music production. And I applaud to that as much as it gets.
And fwiw, I'm saying that as someone who had spent his last dime on f*cking expensive tapes for a mere Fostex G-16. Or another truckload of cash for a mere Atari ST. Heck, the update from 1 to 2 MB (yes, MB!) of RAM, just so I could run Cubase's Score modul, cost me more than a very decent PC these days.
I neither miss these old days (well, I partially do, but for other reasons) nor did I ever expect to get any of my money back.
In fact, I absolutely love being able to more or less fully enjoy all this modern technology.