The only good news: If the web is as dead as the PC or Lisp I won't have to care about these problems for a long time. Back to work ..
There is always money in legacy, but you don't read often a about a startup creating exiting products for COBOL refactoring...
"Restructuring COBOL sources" "COBOL-IT is the first company offering an enterprise-class Open Source COBOL Compiler with a wide range of Premium Professional Services"