Agreed. SPAM, phisihing scams, 419 etc is the Achilles heel of email. I often watch/ask how my 12 and 9 year old cousins use Internet... neither of them use or like email. They all use either IM or msg through sites.

Email will never go away but its use will be reduced as the new generation grows up.

Maybe, but perhaps your cousins will start using email more as their social circle expands.

or facebook

....or their friends live further than 4 houses away.... or they get a job

Email is not going anywhere for a while. It might move around in the hierarchy of formality, but that's all.