And people definitely don't go and watch plays and operas live anymore now that they can do so in their living room with a TV.
You need a better dictionary..
Anyway, I was merely illustrating that "the future of" does not mean "the sole replacement of".
Motor/Steam boats are now used where Sailboats were used, 100% of the time.
TV/Movies have replaced Opera/Theater for mainstream entertainment.
For me, as a developer, the ipad certainly won't be much more than a diversion or a target for development. For people like my wife, though, I think it will definitely have an impact. Many people simply want a content consumption device (web, media, etc), and I think the ipad is a very good device for consuming most content.