24FPS celluloid, with its known gamut limitations and temporal resolution creates an ambiance for the film. This is not unlike the way that canvas and oils create a certain ambiance about an oil painting. Now is the future of 'art' digital printers that can reproduce what an artist might have painted in oils, something they can paint using a Wacom tablet and Illustrator? No, not really. The medium is part of the art, its part of the palette.
Do digital films at high FPS have a place? Of course they do (art is pretty liberal in what it will accept as a medium :-) but will 24fps celluloid be consigned to the history books? Answering that question is less obvious.
The change from hand cranked to mechanically operated shutters was a clear win for cinematographers because it took some randomness out of what the audience would see, talking pictures did the same. The change from celluloid to video is however a medium change not a technique change.
I believe the comment at the particular talk I attended was "If Leonardo could have taken a picture of Mona Lisa instead of painting her, would it be in the Louvre today?" Can't easily answer that.