Some hyperbole can be forgiven... think of film photography and printing as a big family that grew and prospered over the years. And then we suddenly lost some key members, well before their time, in their prime of life. Now we ask "Is Bob still around?" "No, he died in the great Kodak plague of '98, along with Mary and Jim and Susan and George." "Oh my god, George is gone too?!?!?" or whatever. That's how I felt when my favorite films died off, and how it feels now when I read an older book on technique that recommends a specific paper (with years of testing and specific processes for certain looks or colors) and find that paper is no more.
I do expect we'll see new blood continually come into the market, and perhaps digital will open the doors to more folks who will want more control, more surprise, more differentiation. People can sneer at the "lomo" movement, but it's getting kids to think creatively and giving them something that differentiates them from the crowd, which is one of the real sort of fuels of creativity, esp. for the young - seeking a new language that might finally say what you really want to say. Eventually a few of them will tire of light-leaked film and plastic lenses and look for something more (look at the thriving analog communities on Flickr). And perhaps those people will grow into consumers of fine art prints as well.
Analog photography is like a country that's lost a war and retreated to its last few castles or strongholds. Perhaps the loss has stabilized, or perhaps there will be new ground gained in the years ahead. Or it may retreat even further - we'll have to wait and see, and keep shooting what we can. There's still quite a world of possibilities out there.