I do not agree that the publishing industry will go in the direction the music industry went...I do not know what direction the publishing industry will take...I do know music people, are not the same as reading people.
If the whole mess goes to ebook reading, I'm sure the standard publisher will offer the reader the best writers in ebook format...I don't see the big publishers going away...readers still want good work from good writers.
My personal thinking on the matter; If you're good, give your book ten years to be published. I read something Dick posted on Absolute Write earily in the year. He said he went with Publish America just to get a FEW books for friends. I agree with his thinking on how and why. All means of being published is good...if it fits your needs. It does not mean one is not a good writer.
I want to be published by a New York Publisher. Will I make it? The odds are 100,000,000,000,000 to 1...but what the heck, I'm game.
Why do I want to be published by a New York Publisher?...because I missed the gold rush of 1849.
Domenic