Comparing Protools/Sonar/Logic with high end analog isn't really fair. You can spend $100,000 on a protools rig, or $1599 on a Macbook and logic express.
If talking about even medium to low end priced analog recording gear, I find it superior in many respects to digital to comparably priced digital. I would rather record some types of bands on an 8 track Tascam 80-8 or Otari MX5050. With the right board (Pm1000 or Ramsa WRS) and a couple outboard boxes you can mix very quickly on that kind of rig. The main thing preventing me from going back to all tape is the tenuous supply of magnetic tape. Well that and it takes up a lot more room!
I've been working 100% digital for 15 years or so now. It's got some benefits, like editing and recallability. But for headsnapping tone and fidelity a well set up analog deck sounds fuller more detailed and just plain better than anything except the very best digital, like Apogee, Mytek, Lavry Prism etc.
But cost effective...Digital. It wont ever be able to "degrade enough" to sound like analog. But it gets the damn job done.