For me, digital is fantastic for ultimate fidelity, sharpness, speed, and all that we love about digital. For most of what I do, this would apply. Film, I use for extreme long exposures, polaroid, "grainy" images, Holga, pinhole photography, Lomography, etc. I don't believe that digital "replaces" analog in every way, or vice versa. They each do their own thing, and they both have their pros and cons. I've heard of people simulating analog "looks" digitally. For the most part (there are exceptions), I think it's stupid to simulate if you can just do the real thing. What's the point, and joy, of digitally simulating an 8x10 pinhole color polaroid photograph, or a Holga? If that's something that appeals, fine. But it's not superior (or inferior). It is what it is.
That said, I love both and hope that digital doesn't make analog supplies dissappear altogether.