I reckon you've got it about right Animaterra. Most of the current 'folk scene' probably grew out of the mid-sixties 'revival' tho people like Bert Jansch, Alex Campbell, Ian Campbell, Derrol Adams, Pete & Peggy Seeger, Derek Brimstone, Davy Graham, probably started earlier than that. Then there was all the american blues legends whose music is carried on down the ages in one form or another, pure blues, jazz rock, rythem & blues, etc........People like Eliza Carthy, Kate Rusby + bands like the Family Mahone will alway carry the tradition forwards. The festivals are doin quit well....and the clubs? Well they too(government laws allowing) will probably survive either as 'folk clubs' or just 'sessions'. Things go 'round in circles and....to quote the great Swarb/Thompson.....'It all comes 'round again'.