As an old hand at Oracle IdM (going on 10 years now) it is a bit hard for me to digest, but my instinct tells me that survival means adapting to the seas of change rather than trying to run from them. There is a bright future and a lot of pent up demand in cloud services, where new models will soon overshadow the shortcomings of client/server and internet architectures. The old school IAM stacks are not going away anytime soon, but the IdM professional will need to learn new models and standards to keep pace with where this industry might be heading.
