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Granted, we live in a time when everyone can be an author and everyone can be a publisher, but this business is tough. It requires capital, business savvy, organization, innovation and raw tenacity. This means a lot of indie publishers won't last, and the ones that do will add increasing value. Because these new publishers are innovative, lean, offer higher royalties, and aren't married to massive Manhattan overhead and paper, they'll eventually replace NY publishing (and we hope they'll learn from The Big Six's mistakes).
When one considers the current business trajectory? Bookstores, libraries and foreign markets are becoming increasingly friendly to indies. They have to in order to survive. Loyalty to NY only goes so far when one is facing extinction. What will NY do when indies can do everything they can and offer lower prices to consumers and higher pay for authors?