As good as vinyl? That is very subjective since there are so many variables. If you read the recent Stereophile review I think Fremmer got it mostly right. The digitized does shine in some areas and it is different and some may prefer the digitized but a very high end phono will still sound more analog. How much you have to spend to beat it is open for debate.
I digitize at 24/192 but so far have only recorded a few. I have no desire to archive my vinyl.
In my case with active triamping it is a solution that I'm extremely happy with.
I did start with passive crossovers and this is much better.
http://stereophile.com/phonopreamps/pure_vinyl_lp_recording_amp_editing_software/
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