I think we will see a migration towards 3D environments as the primary platform. I think 3D TVs will pave the way for computing devices (it may already have and I'm behind the curve).
It'll start with games but I wouldn't be surprised if we saw a 3D enabled "browser" within a couple of years. In the beginning it might be driven just by being 'cool'. But then I'm sure we'll see some real UI enhancements based on it (just like we saw with the recent AJAX/'JavaScript is Okay' trend).
So if "web is dead" refers to 2D HTML, I think it may be in it's sunset years. If it means external references from one piece of data to another, no way. That's here to stay, just in other forms.