I remember seeing one of those in a junk pile. As I recall, it was essentially a flat platter of tape enclosed in a cardboard sleeve. Ampex made something similar, but RCA had theirs first.I had a friend who created a great invention. It was a record player with video. The RCA Video Disk Player.
But out came VCR's at about the same time. It didn't fly.
Considering how bad-sounding MP3 files can get, you're right. It's better than cassette tapes.MP3 is better than a cassette tape.