I'm not saying that blogging, vlogging, ulogging, etc will die, but a much bigger pie from the reward pool will go towards SMT's and that's a good thing.
Enjoy the party while it still lasts.
And also not to forget that Steemit Inc. has an upcoming $20m fund, to be used in both fiat and STEEM/vests for future SteemApps. That additionally to the huge amounts of STEEM they hold and can still throw in the pool, mostly to “fund”, read accelerate, development of SMTs.
Great times ahead of us.
SMTs will make things more fun. People love their bragging right of owning a specific Token with a nice Brand. Will attract so much more people. Since they no longer has to use "That Steemit Thing" haha.