For the past 15 years, I've ripped all my CDs and played them off the network on my Squeezebox Touch. I also play a fair few LPs, and have no desire to digitise those, as really being too much of a faff. However, in the last year, since the LMS server has included Spotify integration, I've taken a Spotify subscription, and have virtually stopped buying CDs as I can now mix my local files with Spotify albums. I still prefer to listen to whole albums rather than their 'curated' tracks. I do have concerns about Spotify going away, or any of the albums being dropped, so any Spotify albums that I would be really upset if they went away, I buy and rip. Downloading Spotify albums to a local drive isn't an option either, as these can only be played through Spotify's software, so if they dropped an album presumably the ability to play the local copy would go away.
I'm less bothered by Spotify's lossy delivery as 320kbps is comfortably enough for me, but as a mostly classical and jazz listener, their choices in both genres is limited, and their classical search function very frustrating.
S.