No, libraries will still be around. But they'll be different. Because of the cost of transportation, especially in rural areas, libraries will supply more stuff over the 'Net. Downloadable MP3 books are currently available (libraries have some difficulties to work out on this, but we're working on it) for example.

What has to change is licensing and copyright, however. The RIAA and similar organizations will have to adopt a new structure and new ideas -- you can't sue everyone in the world for copyright violation!

Unfortunately, we have governments that do not act, but only react....