On two occasions today I heard how text is a dying medium on the Internet. These two individuals, who shall go nameless, both independently used the same flawed argument: The growing capacity and speed of the Internet will make video and audio sufficiently popular so as to marginalize text-based communication.
I completely disagree. At best, video and audio-based communication will serve as an equal complement to the written word. Most likely, text-based exchanges will remain the main form and lifeblood of Internet content.
There are many reasons for this: text is easier to search, text is simpler to translate, text requires less bandwidth, etc. But the main fact that will keep the written word on its throne as the king of content is speed. Writing is still the fastest method to convey and absorb information.