(Disclaimer: Read this when it came out, haven't re-RTFA.)

Sad, but accurate. On one hand, some humanities academics are directly responsible for this; the attitude of many academicians that research was the "real work" and teaching was just commoditized grunt work ended up hosing the humanities. Physicists can afford to cop that attitude, because if they're great researchers the university will put up with poor/no teaching, but those in the humanities can't, because the transfer of culture to rising generations (e.g. education) is the raison d'etre of humanities departments.

On the other hand, the corporatization of the university and research world in general has been an unmitigated disaster, and it'd be better for all of us if the trend reversed.