"Do they still make record players worthy of using? Is it simply a novelty? "
jws-
With the right equipment, (and if you have the patience for vinyl care), it is still a better sounding format. By "right", I specifically mean a $500 or better direct drive table with a good cartridge (better than $100),and phono "preamp", (this can get expensive for a good one these days). You could spend a hell of a lot more than that, but it the laws of diminishing returns tends to kick in around $2000. See the link below.
http://www.cnn.com/2009/TECH/01/16/ces.luxury.turntable/index.html
Some of the more "valuable" LPs in my collection:
Introducing the Beatles
The White Album, (with orginal poster).
ELO Live at Long Beach, (an early live recording of the band).
Sgt Pepper Lonely Hearts Club Band (with run on groove after "A Day In the Life"
A really good ANALOG remaster of Queen's A Day At The Races.
Stereo copy of Surrealistic Pillow by the Airplane.
About 1000 other less valuable, but awsome records!
j