The same applies to gaming in general. People have been proclaiming the end of gaming any time a new console generation didn't appeal to them. You gotta be very brave now: Maybe you aren't the target audience anymore and the developers don't give a damn about you. Obviously there are enough others who'll happily buy the products they are being sold currently. And we even have a completely unprecedented amount of choice available to us too. If you don't like AAA games, small games of ALL genres come out every year by the hundreds. There is not a single sign on the horizon that points to an end of this.
The only thing that might end is dedicated gaming consoles. Good riddance, I've been primarily PC gaming for 20 years already.