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Bungie is developing their next AAA IP code-named Destiny, Blizzard's largest and most talented team is working on project Titan. If MMO's were truly dying, they wouldn't put that much man power on it. Then you have Bethesda who have been on a killing spree of great games, are coming up with an Elder Scrolls MMO.
MMO's are not dying but becoming the FUTURE of gaming! Up before Halo, FPS were uncommon on console systems, untill Jason Jones created Halo for the Xbox and FPS was suddenly the most popular genre for console systems. The same way, I anticipate possibly a same scenario for MMO's where I believe by next generation of consoles MMO's will be much more common. No more limitations by interface matchmaking, servers isolating players inside linear corridor's... instead we will have a seamless world and experience. Am I the only one noticing the potential greatness of the MMO genre? Or am I just overhyping? State your arguments why MMO's are dying, i'm curious why lots feel this way.