A text interface is just really damn good at efficient and precise information delivery and interaction, in a way that takes a lot more work for a GUI to match, and they are composable in a way GUIs simply are not. Most users won't - and currently don't - care about terminals, but I doubt it will ever stop being a standard tool for power users.
I don't doubt we'll see new paradigms emerge, but I think they'll come in the form of higher level abstractions for certain classes of task rather than a replacement for the sort of TUIs and GUIs we have today.