I still use tapes, tapes can sound fantastic on high end machines, I have a Sony deck with Dolby S, bias, rec level controls etc and when used with a chrome tape the recordings are spot on.
I use my Sony deck quite a lot when recording Vinyl I tend to favour tape over mini disc when recording vinyl just because of the Dolby system...mind you my Pioneer Mini Disc has a good Noise Reduction button but it's different at how it goes about removing hiss to that of Dolby B,C and S, I tend to record with Dolby B and play it back with C, this raises the treble in the sound and it sounds really crisp and because your playing it back in Dolby C you remove the his from the vinyl too.