What will happen to literature?

In his text " The future of the novel," William Burroughs lights fire to the question of what will happen to novels and pieces of literary work as multimedia and technology continue to grow? This to me is a great question and something that we should be thinking about. I mean with technology today, more and more people are dropping books for online and more graphic material. Although there are a few like me who will never tire of books and literary work, there are many who would love to see a transition from what we know as books today into the "space age" of tomorrow.
We can already see a shift in this medium from its textile and very sometimes heavy and uncomfortable use in classrooms across America, as classes are attempting to be more green friendly and turning their everyday classrooms into technological worlds. Access to text, to homework, to having the whole course book online is a huge advancement to the way that books and classes will interact. The thing with a novel though is that ability to make it easier and more consistent with the times. I am sure that if people refuse to sit for two hours to read an everyday novel, the chances of them sitting to read an online novel may be slim to none.
Burroughs proposes that these new novels be literary creations and artwork in and of itself. A melding together of one artists ideas with another. I think that the concept is fascinating. It recycles this "old" idea and turns it into something much more fluid and dynamic. The only thing however I would find wrong with the way that this new "fold-in" method would create is that how much would each author lose intensity of their individual text. Would the fold-in method be lost on the reader? And would the reader be able to catch up and keep up with the flow of the novel?