You still have specializations - SDE's, systems engineers, DBA's, etc. However, if you write code and it ends up in production, you are responsible for the proper function of that code in production. As a friend of mine put it in terms of developers who don't want to be on-call: 'what, you don't trust the quality of your code?'
DevOps is simply a nicer way of just saying, "own your damn code." The corollary to this is that the organization must help you in getting to that state where you can effectively own your code - this means collaboration (so that you build maintainable systems) and building tools that enable fairly frictionless code ownership.