Well, I guess it's largely up to the Musicians themselves. IT's certainly not in decline, a survey by the E.F.S.D.S last year showed Folk Music clubs are enjoying a revival on a par with the 60's Folk revival, and some very good young musicians are coming through. My club gave a Showcase to a 14 yr old girl 2 weeks ago and do look out for her, Lydia Jones, could be very big
So I don't see it dying out in the near future, unlike Pop music which has been in decline for a good decade