I understand that floppies will be obsolete in a few months. CD-ROM discs are great for distributing large applications. CD- ROM discs are the medium of choice for multimedia. Searching an encyclopedia or playing your favorite game from tape or floppy is out of the question. Diskettes are still the best medium for many applications.
Diskettes are invaluable for boot purposes when the system portion of a hard drive has a problem.
Most operating systems and utilities offer a procedure for preparation of an emergency disk. Installation of the CD-ROM version of Windows '95 requires startup from a floppy. Many anti- viral and disk repair utilities advise the user to boot from a diskette containing the utility. It was probably contained on one or two floppy disks. After installing them, you wish you had not, since their deletion does not fully restore your system.