I think Ed Dricoll's comment about Borders becoming a "third place" (i.e. someplace where you can hang out and study/surf the Net/talk with friends) points to the only way the mom & pop stores are going to survive. If it's someplace you want to go to for its own sake, that also has the kind of books, music and games you want to buy, then it's going to get along okay in the new media market. If it's just a place to buy CDs and posters, stick a fork in it.