nomdeplume: Having been in telecommunications for 23 years, I agree that the paperless office is not going to happen this year! My first involvement with video conferencing was around 1986 and I have always said that it is a supplement to existing business relationships, not the the way to make new ones.
However, I don't think that I was saying that biz travel would dry up? I was saying that the justification for Conc has been overtaken by the events I listed. In a nutshell: Travel in Club and pay less money whilst getting more time to eat/sleep/work and not incur the wrath of shareholders? It's easy not to travel Conc.
Another example is the Eurostar. When it's biz plan was formulated, LCC airlines serving short haul had not started in Europe, nor was there any prospect of them. Waterloo is over an hour's train/tube journey away from me. LTN is 15 mins. True, I have to sit in the lounge duriing extended check-in but the hassle and the price are lower. I think Eurostar is brilliant but I rarely use it.