Not according to this guy they aren't ...
And I stand by that point.
Have a look on iTunes. A new album is usually £8.99 or £9.99. That's the same price HMV sell new albums for.
The whole point downloads were introduced were to try and increase sales of music. If you can buy a physical copy of an album for the same price then what's the point?
To add to this discussion, Amazon have now removed Free Delivery from their CDs, DVDs and Games. You now need to spend over £10 to qualify for Free Delivery. Surely the delivery charge incurred will just push the price of Amazon over the price of HMV if something is less expensive on the site?