I know there are several posts regarding this very topic throughout the forum. However, it seems to be very applicable to this section, as much of what drives people to modeling technology is its ability to emulate vintage gear. Or, at least to some capacity.
Presently, I own two modeling amps - a Fender Cyber Twin, and a PODxt. Both do a very nice job in capturing some of the key nuances of many vintage pieces of equipment. As a matter of fact, they do a good enough job for me to continually re-assess my "need" for vintage gear. Yes, I think it'd be fun to own a vintage piece of equipment, and certainly, it would be used frequently, and enjoyed fully. However, there are 20+ presets on my Cyber Twin that model some of the best-ever amps Fender ever put out. And quite a few of them really kick butt, too. And the PODxt - man, where do I start?
As modeling technology gets better and better (and it will, trust me), it would be interesting to know just how much it affects people to buy it, rather than vintage gear. Yes, we know that the vintage market will always be there. And yes, there is no substitute for the real thing. Yet I consider myself smack dab in the middle of the target market for vintage gear retailers / sellers. Let's review: 1.) I'm an experienced player; 2.) I love playing; 3.) I am somewhat knowledgeable about various makes / models of vintage gear; 4.) I have a growing affliction for the tone of old Fender amps; 5.) I have the financial means needed to acquire. If you look at it that way, I should probably already own something in the vintage vein. Surprisingly, I don't.
So, would I give up my Cyber Twin for a vintage Blackface Super Reverb? Well, that would be a tough call. The CT does so many things so well - it would be hard for me to justify giving up one for the other. Yet the thought of that impeccably clean, chimey late 60's Fender tube tone gets me all dizzy.
I guess if I were to assess my opinion present day, I am a strong supporter of both vintage gear, and modeling technology. As a matter of fact, it would be my opinion that the advent of modeling has actually increased the awareness, and desirability, of a lot of vintage gear. Right now, I'm very happy with both of my modelers. But at some point down the road, there will be a need to park a vintage Super Reverb down at Nelskie Studios. Ain't nuthin' like the real thing, baby!