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Define dying. Do you mean a steady and rapid decline to nothing? If so, surely not. It will never fizzle out completely anyways. Especially when you consider all those casual games, those aren't going to die. People are addicted to Farmville, seriously. It may be a 'fad' for now, but there are still all those Popcap games like Bejeweled. How long has that game been out now?

Also, with a dev like Blizzard essentially saying they don't have plans to bring games like WoW or SC to consoles, PC gaming will be fine.