I donīt care about the printed lyrics that much, but I also still buy CDs for a few of my favourite artists (Namie Amuro, Joey Yung etc.), just because I want to have the whole collection
However, CDs will definitely not survive much longer (max. next 10 years). The current generation of listeners is just not used to buy CDs. Moreover, they usually do not own a CD player at home.
So I think that legal downloading (via iTunes and similar services) is the only was how this business may survive. They just need to promote the legal downloading in a right way ...