KGB, no, I don't have it backwards. Most people would agree that CDs sound better, but if you took away the scratches that plague vinyl, it usually sounds "warmer" and "richer." You need a record in pristine condition and a high end turntable but vinyl can/does sound better than a CD to an audiophile.
CDs do not have higher resolution than vinyl. Vinyl is not digital and has basically "infinite" resolution.
CDs are superior to vinyl in many ways though: a very high signal-to-noise ratio, digital signal that doesn't degrade over time, error correction, etc.
DVD-Audio and Super Audio CDs are new formats that greatly increase the resolution of digital audio discs so that they sound basically as good as the best analog sources. I have heard that a 192khz sampling rate is enough to make digital sound as good as analog. (CDs have a 44.1khz sampling rate.... not enough.)