I think there will be print books for quite some time. This is one of those things that will eventually fade out to all or near all ebooks.
I think text books and things with more techinal aspects as well as picture books could stay in print. However, there is little reason (other than presonal preference) to need a print copy of a novel or low graphics books.
Now, some ereaders and tablets now have great capabilty to display graphics heavy books in high quality. Eventually printed text books and pitcure books will likely see bigger dips in sales as well.
The thing is that there are so many people who are still stuck on paper books that it may take a generation or two before ebooks completely take over.
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