Proposition 1. We already miss diminished respect for faculty, particularly fresh, critical people capable of extremely arcane reasoning. This is manifest in the paucity of our current societal expectations of education. Well, a few people miss it. [insert elitist dispairing very un-PC tome here.]
Proposition 2: Yep, the market has decided and academic publishing is superdead. It’s not sad, it’s just an interface issue. And as long as people can print out web-based monographs and read them in bed, they will. You’re cool.