The software industry is heading quickly towards being obselete. The open source model is clearly winning. This has major implications for anyone involved in the industry. High paying programming jobs? Ha! Development will be done in an open environment or will be outsourced to more cost efficient employees in countries with lower standards of living. Hope you enjoyed it while it lasted!

I already see contract competion by shops who outsource their development to cheaper labor in third world countries. Although the current quality of their imlpementations is severely lacking, this will change as managers learn to bridge communication gaps and the cheaper talent pools become more experienced. I'm not sure what to expect in the future; hopefully client specific application development will still need on site developers.