Could this be true a year from now?  After all, in 2006 there were plenty of ‘experts’ sounding the funeral bells of MySpace, but they seem to be getting by rather well.  If you look at the history of social networks from 2003 until today, some interesting trends can be observed.  I recently wrote a White Paper on this, and I think there is a compelling argument for taking a step back and looking at Social Networks objectively.  I address the issue of changing demographics in each network, and the attitudes of different age groups toward participation.  Check out the White Paper and let me know what you think.  

And for the record, no I do not think Facebook is Dead, nor do I think it is dying.  ☺