Is the CD obsolete?  

Progress Shmogress
The LP was supplanted for an inferior technology, namely CD. In the war of convenience vs. sound, convenience won. Then the CD playback system was replaced by an even more inferior technology, digital files. Now 2-speaker stereo is being replaced by a 1-speaker digital simulation of 2-speaker stereo, which could not possibly be as good. This is progress?!
I don't think so.
Sure does look nice. But personally, I'll take sound quality over looks any day. (That's why I never cared for B&O gear). In that regard, I could put together a system entirely from 80's components, that would blow the Geneva away, for a fraction of its price...

I gotta agree
I've got older equipment too and it's def better than the mod-con stuff geared to mp3 players. My Klipsch Horn speakers for instance, are big ugly lugs with oak veneer. I hate looking at them but, OH! the sound that comes out of those things. Sometimes I'd swear that the performance is happening right in my living room. Solo voice or piano is just astoundingly real. Never heard that with digital gear.

I can see...
I can see where you're going with this. My Dad had a shelf system in the mid 80's with these huge speakers and it did sound really good. I want great sound that takes up a minimal amount of space.

Great sound in little space...
Great sound in little space is really not difficult, if you know what to look for. As an audiophile of 30+ years, I've never seen it happen where you have all style/convenience and best sound. There's always a compromise. While the Geneva system appeals to my taste for minimalism and aesthetics, I know I could have something entirely different that would appeal to my love of reproduced music that moves you, in the same way real music does.
One example of a small system that can do this, could include a beautiful little tube amp I once heard in a local audiophile shop. I remember the brand name started with a J, and it was one of these small 10w Chinese-made integrated tube amps, with a clear lucite panel and a blue LED that lid the panel. It was under $1k, and being only 10w, it couldn't drive the speakers the dealer was demonstrating it with to loud levels, without distorting. But it made such sense of the music, I didn't want to leave the store. And my friend agreed, that when the dealer compared it to a solid state integrated at 1.5x the price, there was no comparison. There are now a number of small, relatively inexpensive, low power integrated tube amps from China on the market, designed primarily for headphone use but some have speaker terminals and an aux input for a cd player. So long as you match them to small speakers and don't listen loud, they are more than fine.
There are any number of small but high quality audiophile grade speakers too that could form a good small system; some of the better known names being B&W, Kef, Linn, Pierre Etienne Leon, JPW, etc. Likewise, there are many budget audiophile cd players that can be had second hand on Audiogon or eBay, and just about anything designed in Britain is bound to be decent, ie. Cambridge Audio or Rotel, but there are good ones from other places too. Judging by the size of the Geneva's speaker unit, I would imagine that such a system shouldn't take up more volume than the Geneva one, or cost more (at least if purchased 2nd hand).