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...most of it actually comes down to skill/ability level of the person doing the engineering and how proficient the musicians are, not the recording medium.
I've heard great recordings made in both the analogue and digital domains (and most commercial studios will pick and choose equipment from both "disciplines" anyway...) but to quote the cliche - good records are made by good bands.
Making an effort to understanding the nuts and bolts of the recording process will ultimately get you much further than leaving it to luck and relying on the undo button.
Also, learn or befriend someone who understands Mastering - it's worth it's weight in gold and you won't understand the point of it until you've heard the difference it can make to the finished recording.
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