I, too, waited a few years, watching the medium politics. The sound was important as well - CDs often sounded harsh in the early years, and I remember that being the reason my Mosaic hesitated to make the transition. Also, I was (and still am) annoyed by labels not taking advantage of the expanded playing time - there are still people in the business with a fictitious one hour time limit in their heads. So I became rather choosy, giving away or selling CDs that sounded inferior, avoiding CDs without available bonus material.
Every new format has its pros and cons, and the business people are more often than not irrational or even irresponsible in handling it. Or lacking discographical knowledge.