I've my doubts if the word makes too much difference either way. I think what matters more is what actually happens. Just changing the label doesn't fool anybody.

In a thread a little way back I remember someone saying something that summed things up well. When the folk clubs started, in England anyway, they consisted generally of a bunch of enthusiastic young people, and a few older people who were welcomed as representing the past. Now it's a bunch of older people, still pretty enthusiastic for the most part, with a few younger people who are welcomed as (hopefully) representing the future.

What I suspect will happen is that there's going to be a dying off of the clubs over the next few years. Sometime in the future, it'll all start again, with those relatively few young folkies, by then not so young, being the older people, who'll be welcomed in the clubs run by another young generation of enthusiasts.

And the sessions of one sort will carry on in parallel, at some level or another.