The same thing is happening in audio production. Analog/Film still presents great quality but the end product in albums and films is always digital anyways. I miss shooting still film but I honestly haven't touched my film camera in ten years. :( Too expensive...
Twenty years ago my friends made a short film, 16mm. It cost around $3000 to shoot, develop, and edit a ten minute film. For that amount they could buy a nice digital cam and editing software and make as many "films" as they want. On the plus side, it looked fantastic.