Yes and no
No because of the inevitable degradation of quality and the painstaking process of reattaching or recasing a tape. Yes because of the time it represented, and certain genres of music lent itself well to the audio cassette. I recall dance music for example feeling a little more humanised on cassette, certainly when listening to mix tapes recorded at warehouse parties. When I first listened to a mix CD all those once invisible frequencies were laid bare, all of a sudden it lost a little soul and meaning. Also the effort you had to put in - yes it was a pain in the arse forward/re-winding, however that forced your hand with how you interacted with music. These days I find myself flicking between one of thousands of compressed files with lesser appreciation for entire albums.
In the past era of less effective music distribution, those little C90 mix tapes that you gave / received were little goldmines of new / past bands you would have otherwise never heard of. This remained (if I recall correctly) the only medium to distribute self-made compilations between friends until way into the 90s (I know I never had the capacity to make a mix CD until fairly late on), so yes it remained a valuable format for some time past the introduction of the CD and so should be at least a little cherished for that alone.
I have heard of a resurgence of artists recording back onto tape (decent R2R not just on a C60 or whatever) because of the quality of the format, although have yet to actually see anything commercially available. Another micro-fad perhaps... Still with people simply amassing thousands upon thousands of shitty MP3/4 formatted tunes with ever decreasing appreciation of the music itself (I find myself being guilty of this from time to time), I guess harking back to times past isn't such a bad thing.
Ramble over.
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