Well, don't take it from me-- take another data point from author Mark Terry, who compares his pitifully small six-month royalty check from his big NY publisher with the whopping one he got for one MONTH from Amazon for his ebooks.
As the traditional world of hardcovers shrinks, the world of ebooks expands. One technology fades, another gains prominence.
There are still a number of people who want paper books in hand-- this is a good thing, and will not go away. Just the ones who always made a profit while keeping writers impoverished will be the ones who suffer. Am not seeing a lot wrong with that...
And Kristine Kathryn Rusch talks about how the big publishers are responding-- by making their contracts worse for the writer than ever! Just can't drive them away fast enough!