I would agree that the apparent situation is a decline in Steel Players, but that I believe is due mainly to the passing of the WWII generation. The instrument itself I think will see a growth in the future as artist realize the abilities of this amazing instrument.
There is no argument that the genre of music that supported the Steel of the past is in decline, just as the "Big Band Sound" of the 40's music is. It exist in more of a nostalgia market and always will be around.
When you look at the instrument itself, it has it's own abilities pretty much unrivaled among musical instruments. I have heard all the talk about computer simulation and synthesizers but they don't get the job done. Just as the listening is turning away from pitch correction and lip synching, there is no replacement for the human artist.
What will be the game changer is when a new artist captures the attention of the youth with their creativity. I don't think 40 year old country is going to do that.
So somewhere out there is the person who will be the game changer. I encourage every player out there to help new players along their path and for young people to play their music on this great instrument.
This is I feel the future of the Steel Guitar.
Hey B0B can I get an emoticon with a target?