Thank you, Mr. Bug for your insight on this topic. As a prospective graduate student in the field of Bioinformatics, I find your critique to be absolutely necessary for this subject. I came across this topic as I was researching the field of Bioinformatics and was shocked at the title, so I dug in some more. Since this isn't an actual scientific article or journal, I knew not to take it too seriously, as most of these articles are published for shock-value to fit in with the mainstream media of today, since that is the only thing that seems to reach "news", nowadays.
I have a bachelors degree in biology with a minor in chemistry and have worked in various industries as a Microbiologist, a QC Chemist, a Validation Consultant, and am currently working as an Associate Technologist in a very successful Medical Laboratory. As for my opinion on the field of bioinformatics magically 'disappearing' in 10 years, I believe this is quite a dangerous statement to be making. It was very discouraging for me to see at first, until I read the article and thought about it, rationally. As far as comparing the discipline of bioinformatics to a 'tool' such as a hammer or a microscope, I do not believe this comparison is valid. The credibility may come in the fact that bioinformatics may be diminishing in ONE aspect of the field of genomics - as we have mapped out most of the genomic sequences in humans and many animals. However, mapping out genomic sequences is just the tip of the iceberg in scientific discoveries.
Bioinformatics will continue to grow as new technologies and research is developed. We cannot assume that we know everything now that we will in the future. That is what the purpose of research and discovery is. Saying that bioinformatics will be gone by 2012 is like saying that no further discoveries will be made in the field of science.
As we grow more and more technologically developed, the field of bioinformatics will expand to fit these demands. We are relying less and less on paper and more on large databases and softwares that interface with machines. For example, at the company I currently work for, we are using top of the line equipment to do tests in the fields of hematology, microbiology, chemistry, toxicology, and etc. All these machines are interfaced to a computer and all these computers are lined with software that is constantly being updated as new developments are made in the field of informatics/bioinformatics. We use computers now as our 'Quality Control Officers' rather than relying on tedious number crunching of countless data - a computer does this much faster.
As far as I can see, having worked in the field, and explored the job market in the life science field extensively, there is no shortage of demand for Bioinformatics, in fact it is quite the opposite.