I have always been a big fan of the EP.
Don't get me wrong, I have a ton of albums both vinyl and digital, but for some reason the EP has always remained this sort of elusive thing that not enough bands seem to produce.
Maybe it's just the bands I like and listen to often that aren't producing them and the market as a whole has healthy EP sales. I don't know.
I do know that I don't actually like buying singles anymore.
I never really liked them as a format other than for promoting the album as well as presenting some interesting material on the B-side (
always listen to the B-side!).
Albums started losing their cachet with the release of the CD.
The album always had the larger artwork/liner notes going for it, but the CD did away with that simply because of the size of the packaging.
There has been some inventive design to work around that but on the whole they were pretty much one-off attempts.
Also, don't forget about the 12" picture discs, or even the cut-to-shape discs, something which the CD and download files can't really produce.
As a viable format, the album may well be headed to the grave, but I think there's a long way to go yet, and as someone said, it may just be in a downward dip in the cycle of formats at the moment.
I can say that since I stopped buying vinyl I have started consuming music differently.
I would, in the past, play an entire record from track one, side one all the way through (both sides).
Since iTunes though I always have my library set to random shuffle by song (this is mirrored on my iPod too), so I absolutely never play an album all the way through except immediately after purchase.
So in terms of supporting the argument that the album format is dead, I guess I do that pretty well.
I don't use playlists though, and the only ones I have are ones that people have created for me or ones that I have created for them. I never actually select them and listen to them.
What writing this post has told me is that I guess I have more of a fondness for the 12" piece of vinyl than I do for the actual album format.
As long as my favourite artists keep on producing albums, I'll keep on buying them.
If a new artist (to me) releases a song I'll always look for the album, if there isn't one it'll be a case of either doing without or just getting the single, but I think it's a lazy way to make music - just releasing a single with nothing for it to promote other than itself.
Mark