Personally, the netbook PC format would become a niche device catering for the entry level PC user especially in developing countries in Asia and elsewhere. It will not die out as a whole.
Although I might question the future CPU replacement for today's Intel Atom CPU which forms the majority of the CPUs used in netbooks today. Would it be an Intel Core i3 derivative scaled down or something else? As I see it, since costs is important with netbooks, it might be a scaled down i3 simply to cut costs.