Future of the "subscription model?"

[Ann Okerson <aokerson@gmail.com>]

Liblicense-l Readers:  What do you all imagine as the future of 
the "subscription model" for purchasing academic library 
collections?  Is it alive and well and growing or is it on its 
way out, supplanted by memberships, open access, and a growing 
variety of other options for obtaining publications, particularly 
electronic?

Your thoughts are most welcomed.  Ann Okerson