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It does seem likely the future belongs to the e-book but we're extrapolating a roughly twenty year phenomenon against something with thousands of years of history. It is too early to call the p-book dead.
Put an Epub file on a USB memory stick and put it into a time capsule. Twenty or thirty years from now I will bet your PC (whatever form THAT takes, lol) will not read either that media (USB port, what's that?) or the file itself. And that is even with no DRM on that file! Backward compatibility has already bitten many of us in the field of digital information. There are NOT always adequate translators and hardware. Who do you know who has an 8" floppy drive today? Heck, the list of people with 3.5" floppy drives or, say, SCSI ports is dwindling.
I'd say the p-book has a strong heartbeat at least until most of the world settles on one e-book format AND that format shows signs of stability (only minor revisions).
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