The article is fairly absurd - my understanding is that the photography market has never been better. Classic photos are setting new records and contemporary work is selling well.

The trend is toward tiny editions (3-6 prints) in large sizes (which is, of course, easier to pull off in digital printing - a 40" x 40" print from your Epson requires a great deal less work than a 40" square silver gelatin print), and if your work has the backing of a major gallery (read: status, the potential to gain value), the yuppies buying your work don't care if it's archival pigment, a c-print or platinum/palladium.