Well, no. Mining is as profitable now as it's ever been, since the price is so high. Sure, you won't be mining 1 BTC a day any more, but when 1 BTC is $200 it doesn't matter.

Further, the announcement you linked to (by Butterfly Labs) isn't really all that accurate. They originally promised a ship date of early October. No products have shipped to date, and they've changed the specs and pricing on what they're going to offer a number of times. Some people think they'll never ship anything.

There are, however, other companies who have shipped ASIC mining chips recently, hence the skyrocketing difficulty. At this rate within 6 months it will no longer be profitable to mine bitcoin on GPUs.

In solo mining, chances are that the difficulty will increase faster than your GPU can increase the odds of solving a block. Statistically, it would already take years to find a block and collect just 25 BTC (and by that time the reward may be halved again to just 12.5). But right now, you can join a pool and still get some fractions of a bitcoin over time, and get some profit. It costs me $2.70 to run my GPU for a week and collect 0.05 BTC, or ~$10 at today's rates.

Are you just assuming that, or have you actually measured it? With my modest setup (a single Radeon HD 7850, mining only when I'm at work or asleep) I'm currently earning about 0.3 BTC/month, and the electricity only costs me about $5-$10.