A couple of great perspectives here on modern publishing, both in one day!
First is Hugh Howey. Who's he? Merely a guy who was writing his books and working for wage just over a year ago, and who struck gold with his writing, and signed a monster, 7-figure deal with a big publisher-- for the print rights only-- he keeps the ebook profits!
Holy crap! This is a sea change in how business is done in the publishing world.
Yet better is that Howey seems like a really nice guy who wants to help other writers. And he has a great piece out on Salon today, which is a response to another of Salon's self-publishing-bashing pieces from a few days ago, where an idiot whined in public about being a failure at self-publishing-- and condemned it-- because he did it wrong, was incredibly stupid, and had unrealistic expectations.
So read Self-publishing is the future — and great for writers.
Then go for the perspective of a long-time pro in the writng biz. Kristine Kathryn Rusch posted
The Business Rusch: Four Years on what a revolution there has been in a mere four years.