These are difficult to overcome: declining readership and ad revenue for magazines reduces their budgets -- people are reading paper publications less (and reading less, period). People are migrating to the internet as their media preference. And the internet is not as demanding on technical quality as print.

When combined with cheap, high-quality photo gear, the internet's lower technical requirements, lower barrier to entry/publication and the public's fascination with the technology of photography, an enormous volume of images will always flood the market.

Lower prices are inevitable and I don't see this changing soon. I don't see "many-to-many" being the paradigm shift resulting in a resumption of high-priced images, especially on the internet. We've all grown up with the idea that anything on the internet should be free. Where and in what form will the revenue come from? Will it be enough to compensate photographers for the cost of producing the image and paying the mortgage?

I personally would love to be proven wrong on this!