I am sure this is true. It’s the details of that future I find confusing. People in the publishing industry are talking about being on the cusp of a change. Similar to that which previously hit the music industry (see Is the e-book reader a new chapter for literature?).
There’s no doubt digital formats are taking off. But, that doesn’t mean the printed book is doomed. And many details of electronic book readers are still not sorted out.
The big issue is of course copyright and digital rights management. This has meant that while digital book readers are becoming more common in the USA (eg. Amazon’s Kindle) they are not yet being sold in New Zealand and most other countries. That’s frustrating for people who want practical examples. Some New Zealanders have brought e-book readers overseas – but I usually want to try before I buy.