"Computers don't kill books--people do."

I think anyone who believes that books will die out are the equivalent of the people that ran out and bought jugs of water and canned green beans when the year 2000 hit. The Internet is just another way of distribution. It's easy and cheap and this is something that benefits both writers and readers. The critics of social networking are really just cutting off their own feet. You have to keep up with the times and no one gives a shit if you're "too old for that technology junk" or if you can't figure out how to use your email. Society (especially this one) will leave your ass in the dust and rightfully so. The only reason this debate is so heated is because of money. If publishers thought more about the art and less about the green lining of their pockets, this wouldn't be a big deal.
Personally, I will never stop buying books. Electronic things are great but sometimes they crash and sometimes you can't get back what you lost in that crash. If I had an electronic book collection like I have an actual book collection and I lost all of that...my life would surely be over. I also like to own books. I like highlighting, making notes, dog-earring and, yes, just like Kit says in her response, books just smell amazing. And I am sure there are more people out there that feel the same way about owning books. There's nothing better than having a library of hundreds of different worlds and stories right within your reach. And in this crazy world of technology, there's nothing better than knowing that you don't have to remember to plug in and charge your library or be without a book for the day.