I agree on all counts. These days, being a musician and putting music out there has never been easier. Band's don't need your conventional record deal to get out there anymore. Granted, for now that's still where the living is, but that's dwindling. It's going in the direction of touring/merchandise/lessons, all straight from the band to the fan. Band's won't ever be Metallica or Rolling Stones again, but they will make a living without the business middle man.
Yesterday don't mean SHIT.