Another doom-and-gloom article on the anime industry in the Japan Times today - although with the Dow below 7,000 and the world economy imploding, even if fansubs didn't exist I doubt DVD sales would be exactly booming. The article's mostly the same things we've heard before - animators in Japan make next to nothing, 90% of inbetweening is offshored now, eliminating the traditional entry-level position for aspiring animators in Japan, US DVD sales are falling off a cliff and everyone blames fansubbing, etc.
The article did mention that Crunchyroll has signed up 10,000 people for paid subscriptions - I'm one of them, but still, it's more people than I expected. Multiply by $6.95 a month and that's only $70,000 though, which I can't see saving the industry. They quote a TV Tokyo exec saying they hope that to rise to 50,000 by end of year, but that seems pretty optimistic to me. Personally, I'm not a big fan of streaming-only - I'd much rather be able to download a DRM-free subbed episode for $2-3 like Gonzo and Crunchyroll are doing with Druaga. I'm hoping that like the record industry finally realized that selling MP3s was better than selling nothing, the anime industry will realize that selling their own fansubs beats the hell out of selling nothing at all. I've loved watching anime since I was a little kid, and I have to believe as long as there are people who love it and are willing to pay something for it, although it may end up a smaller industry than it is today, it will continue to survive.