Can you explain the first line a bit more? I am a NY fan and maintain electronic contacts with many people there, but it's nothing compared to being there in person in my opinion.
Now that we can even use video in electronic communications the difference with "in person" is getting really slim.
For me advantages of electronic communications (speed, easy accessibility, various tools such as HN, conversation logs) outweigh "in person" communication most of the time.
I find electronic communication fine for most work tasks - but definitely not enough for tourism. Also not for seeing loved ones like my best friends and family.
Besides, if you have kids, traveling is much harder / expensive.