Some interesting thoughts - good thread
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I'm going to have to sign off in a minute, so a couple of very quick thoughts.
Undoubtedly, new technology has made the buying process for the dedicated fan a whole lot easier, and, of course, just to listen via Spotify or Last FM. When I was young in the period we only had Radio 1 or Radio Luxembourg, and after 1974, prog on the radio was a relative rarity, especially after Peel "discovered" punk.
However, one of the sheer pleasures then was to walk into your local record shop, flick through the lovely vinyl covers, and discover some great music, or they would personally order it for you. Such shops are becoming a bit of a rarity these days, and that is a shame.
So, like just about any other era, there was good & bad. I wouldn't change anything for the world, but I will say that I find discovering new music now just as, or even more, exciting as I did then.