I hardly use CDs anymore.
Since my CD deck got stolen out of my car a while back, I just stick with my radio and sometimes make tapes from my MP3 collection.
At home, I just rip everything to MP3 and/or APE (lossless) and use my trusty Winamp. Having a ton of albums on random is wonderful. Sometimes I'll listen to my favorite albums all the way through but that's about it.
As for movies, I haven't been getting that many DVDs lately. Seems like everytime I buy a movie (even if I really liked it) I rarely feel the urge to watch it again. Now I mostly borrow DVDs from the library for free. And if I don't have time to watch it right away, I'll rip it to Xvid to watch it later. My tax dollers to good work, finally. 🙂