I used to have a Nikon FE-2 and before that the manual FM2. I liked both and they were what tweaked my interest in photography. I loved using Velvia as well - there is just something about the greens in velvia that make it look lush. Also slide film was really what I enjoyed to shoot. Of course slide film, as everyone says, is getting harder and harder to develop and the cost keeps getting higher - both to purchase and to process and the wait times for processing increase. I used to be able to get over-night slide development, but now it is a minimum of a week where I live.
I switched over to a Nikon D50 two years ago. I had all the same trepedations as others here have indicated. I used to think taking several pictures was simply wasteful and 'a point and shoot' mentality. Now I realize the benefit - you can compose but also bracket shots without blowing an entire roll of film on two or three compositions. True, if you just randomly point your camera and take shots you will get crappy compositions - but increasing the capacity of your camera doesn't necessary follow this point. It is sort of like the guy with the single shot gun saying, all I need is one bullet. Well that same guy could take a 3 shot mag and shoot three deer without re-loading right?
Quality doesn't suffer and there isn't a real lag between pressing the trigger button and having the shot taken - this happens on cheapy point and shoots, but not a good digital SLR. I've had LCD slide shows and projection slide shows side by side at home and really it is hard to tell the difference. The slide film gets the edge a bit, but I suspect it is a better quality lamp on my slide projector compared to my LCD one. Grain is difficult to discern in either when shots are optimized (this is only with a 6 MP camera).
Instant transferance between camera and SD card, my computer has a built in SD slot, so all I have to do is pop out the SD card from the camera and plug it into the computer. This is cool - what is not to like about this. Actually I rarely use the LCD display on my camera - as it doesn't present the shot quite the same as on the computer - so I don't trust the LCD for making composition/exposure decisions.
Really - I don't see what is not to like about the digital photography phenomena. Even had two of my old FE-2 lens work perfectly fine on the D50. One manual lens doesen't seem to work with the light meter on the new D50. On my Nikon I can take over 1000 shots on a single battery charge provided I'm not using the built in flash. A spare battery cost me something like $60 and I never have to worry about battery failure on a trip. I don't even bother bringing my re-charger anymore with the two cells.
The one weird thing is the 1.5x magnification factor of focal length in digital SLR. So this seems to help (I know not in resolution of the lens it is actually a crop) on the long focal lengths. For example a 300 mm focal length in digital has the same view in the viewfinder as a 450 mm length. This really sucks at the short end though. For landscape, my absolute favorite lens was an 24 mm - it gave me enough wide angle without distortion. To get the same view finder in digital I have to mount a 16 mm lens which is more costly. This is the one thing I really had to re-learn in digital photography. My concept of being able to simply know which focal length to use for a given field of view had to be re-learned.
Finally - super bonus of digital. The ability to switch the effective ISO setting from shot to shot. Just like film, cranking up the ISO gives you more grain, but the digital ISO really is well matched to our expectations of ISO/light configurations in terms of shutter/f-stop combos needed to make the shot. It is pretty darn awesome to be able to crank the iso down to 100 on a tripod shot, then spot some moving critters up ahead and re-set the iso to 800 for the action.
Prices are coming down at a very fast rate. Yes, you can get a used film SLR for far cheaper. However, when I bought my FM2 the body alone it was $600 and entirely equivalent to the body of an SLR today. Also, a big step up from the 1980's F-series cameras are the matrix metering or ability to switch to spot metering and autofocus capabilities. Again, I thought these were fluff but now have come to enjoy them. The autofocus works very well except at low light conditions or under some low contrast conditions where I need to shut it off and focus manually. This has nothing to do with digital - just improvements in camera technology over that of the 80's.
The body of my D50 is more plasticy then my FE-2, but it is metal re-inforced and the ergonimcs are actually much better. I do miss the 'depth of field' button missing on the D50, but available on the higher end D80 camera.
Sorry - to rain on the film nostalgia. I fully agree that equal quality shots are possible in a very cheap film-SLR configuration. However, for myself I have come to really appreciate all those bells and whistles that I had once thought were superfluous.
Hey Glockman99 - one of my favorite combos on my FE-2 and FM-2 was the 50 mm 1.4f coupled with a 2x/macro coupler. This made a great 2.8 portrait lens and worked awesome with macro. You can pick up the 50 mm 1.4f for about $35 - and it is one of Nikon's sharpest lenses - be sure to get one of these, you will love the speed when you need it!