The New Newspaper
Over in FlickrCentral there's a discussion about whether Flickr heralds the end of professional photography. A secondary topic in the discussion was about whether newspapers are becoming extinct. I work for a newspaper and, though I don't have any special knowledge of the future, my best educated guess is that, yes, newspapers will eventually disappear. I'm giving printed newspapers 20 years.
I carry my news in my pocket. It's smaller than a newspaper, and easy to read. And rather than getting it updated once per day, it's updated any time I want it to be updated. Plus, my "pocket newspaper" contains all the news sources I want: The New York Times and CNN, yes, but also news sources like Apple Insider, SPACE.com, MacSlash, and plastic.com.
My "pocket newspaper" is pictured above.