Digital E readers is this the end for books?

There has been a lot of articles in the news lately concerning Borders closing many locations, with piles of books and numerous book sales. This has caused many a writer of these articles to proclaim that we are seeing the end of literature as we know it, that the Kindle, Nook, and other "e readers" are ushering in a new age, that will see the end of physical books, and magazines. But is this really the case. A similar event happened 30 years ago in the stereo music industry.
As a teenager growing up in the 1970's, i like many of my friends, was a stereo equipment "junkie". Within a 2 mile radius of my house was a Radio Shack, Sounds Great, Sound Playground, Hi-Fi Stereo House, and Fred Locke Stereo, the later has the most expensive stereo equipment. My friends and I used to spend countless hours walking through these different audio stores, drooling over the equipment. Especially the stereo receivers, which had countless buttons, knobs, dials, and meters, to show the outrageous amounts of power and decibel resounding power, that they could put out. This equipment was pricey, especially to a group of teenagers who relied on paper routes, mowing lawns, and other odd jobs to save money to purchase any of this equipment. The 70's was also referred to as the decade of stereo wars, with the big name manufactures of the day, Pioneer, Sansui, Kenwood, to name a few, all trying to build the next biggest, and more powerful piece of equipment. And then as the 1980's began the industry changed. With the advent of the compact disc, the stereo manufacturer's went away from building the huge, and heavy pieces of equipment. To smaller compact systems. All of the stereo stores I mentioned in my town, with the exception of Radio Shack have long gone out of business, and now most of the equipment that I dreamed of owning as a young person, can only be found on Ebay, or at a garage sale.
Is a similar process happening with books? Possibly, but more probable is that we are witnessing another evolution in technology. I am a avid reader, I have a basement full of books, which take up a lot of space. I donate many of the ones that I have read to my local library sales, but I often end up going to the same sale, and buying more. After doing a bit of research a little over a year ago I purchased a Kindle. I like the e reader since I can enlarge the font, to make the print bigger for my near 50 year old eyes. I have a bad shoulder, and reading large novels from Tom Clancy, or Clive Cussler aggravates my shoulder injury, and cause me to have to stop reading, and put my book down. I don;t have this problem with the Kindle.
I don't feel that the rise of the e readers is hailing the end of books. Our local libraries will have books for years to come, and while a few of my friends, and co-workers have purchased a e reader, many of them still purchase books, or borrow them from their local library. I also feel that Borders got too big, I live a few towns away from a large mall, not only did Borders have a store in that mall, but one about a mile away from, it, and across the street from that Borders was a Walden Books. Book stores became in the 90's what the stereo equipment store were in the 70's. Borders capitalized on the fact that many customers came in to look at books, and may have wound up purchasing a cd or another form of media. Now music and movies can be "streamed" into one's home over the internet. The way the we have access to our choice of entertainment is changing. The amount of books that are purchased may go down, but I don't believe that books will completely disappear.