As others have said, the CD itself is not 'dead' nor is it likely to die out anytime soon. Even people like me - who are ripping losslessly onto our PCs/Macs and playing back through a DAC - need the CDs to feed the process.
What is going to disappear quicker (though not completely yet) is the stand-alone, hifi quality, component CD player. This will eventually become a niche product. Obviously lower end mini-systems/car systems and suchlike will retain the ability to play CDs for longer.
You have a great player that I think still has a distinct edge on lossless/corrected files from iTunes via a CA DacMagic. (This is only my one opinion based on recent real-world comparison of a Rega Apollo + Primare I30 vs iTunes/lossless/iMac/DacMagic + Primare I30 connected with Chord XLR balanced connections.)
Go over this slightly unfair (£600 CDP vs £200 DAC) budget level and start comparing more ambitious DACs with price equivalent CD players and things get very tough for the 'traditional' CD player.
No-one is ever going to be convinced (or otherwise) of the merits of computer based lossless music via a DAC from these 'Good vs Evil' type threads. I have seen too many of them (CD vs LP, Digital vs Film, PC vs Mac etc.) No one gets inspired to try it for themselves and people just entrench into their respective digital foxholes and throw things at each other!
I also find it amusing how after 26 years of CDs and CD players, people even tend to forget that they are playing a digital format on a mini computer (the CD player itself) via a built in DAC! Now that CD is coming under threat I have seen people describing CDs with terms like... 'analogue' (yes honest, I have seen it in print!), 'warm' (eh?), 'tactile'. History is repeating itself and all the expressions used to describe vinyl against CD - when THAT battle was raging - are being recycled in the most comical way.
The vinyl LP played on a decent turntable IS a unique experience and sounds (to me) gorgeous. I will not be getting rid of vinyl anytime soon and I see the CD player as being far more threatened (in the long term) than the turntable. A well refurbished 1950s/60s hifi turntable (eg Thorens, Garrard) can still slay most modern budget/mid-priced decks. Try getting your 2009 CD player refurbished in 40 years time and see if it sounds better than the technology prevalent then!