I think that there are periodically waves of revival of interest in traditional music styles...usually when people begin reacting against the vapidity of the pop music scene (and culture) of their own time and start looking back in history for something more "honest" (as they would see it).

It happened in the 1950s and early 1960s. So why wouldn't it happen again at some point?

Therefore, I very much doubt that traditional music is going to die out along with our generation.

I will always be preserved in various small enclaves, go into periods where it is less recognized by the cultural mainstream, and then a new wave of interest will probably rise again at some point, maybe when one would least expect it.

I plan to reincarnate when that happens. ;-)