Short answer: No, we are not.
Personally, even though I admit that the Internet has certainly affected the way that people consume music, I tend to find claims that "the album is dying" to be a tad exaggerated. I still think that it'll be quite some time before albums disappear completely. Certain hardcore fans of a band will WANT deep cuts. Some people (not even necessarily hardcore fans, even) prefer deep cuts to hits, myself often included. And, furthermore, hardcore fans of a band (I don't necessarily mean The Beatles) will want something physical for the "collecting" aspect. That's why many ...