As others have said, no, it's not over. Not by a long shot.
As PD said, WE are the hobby. As long as there are people out there buying, trading and customizing, the hobby is alive.
One has to remember that there was a time known as the "dark ages" in this hobby. There was NO new 1/6 ANYWHERE. Guys were making their own stuff, or checking out the "pink" aisle to see what they could paint or dye OD green. The only figures were vintage Joe and Cotswold.
Needless to say, we got out of that all right.
And here we are today. If you want to kitbash a fig from just about any time or place, it's just a matter of going on-line or to a local shop to get the parts.
I remember a couple years ago we were saying "slow down!" to the companies. "You're putting out to much." "We can't keep up."
I'm not saying that's why we are in this slow time right now, but hey, now we have a slow down to reorganize our collections.
To sell off or trade what we find we don't need.
Another thing we have to realize is that DML and BBi are NOT the only companies making 1/6. Sure they seem to have slowed down, but that doesn't mean the whole hobby has.
21st has a repainted R/C tank out. Hasbro has a few new figs hitting stores. SOTW is sure to hit more Wal-Marts as we get closer to Christmas. PT has some VERY nice stuff out.
So 2 out of, what, 10 companies slows down, big deal. Even IF they stopped making 1/6, we would complain, moan and groan, then move on.
If ALL the companies making 1/6 quit, the hobby would not go away. We would still kitbash and customize and come to boards like this for years. And after a while a new company, maybe started by a few collectors (ala 21st), would start making figures and accessory sets the way we want them.
One must also realize, there are THOUSANDS of collectors out there.
I read on another board about a collector who met an old friend not seen in 20 years. When the collector asked his friend what he has been doing, the friend said he has been buying action figures and customizing them. When the collector told his friend that there is a whole HOBBY for that kind of thing, his friend had no IDEA. He thought he was the only one doing it. He didn't know that thousands of collectors did what he was doing everyday.
And that just reminds us that there are people buying figures at TRU, KB, Target that don't know they are members of a VERY large hobby that has been around for many years. That is why I thought BBI going into TRU was a good idea. To get the people that have never heard of BBi or DML.
I'm not saying anyone that buys an action figure is a collector, but there are people that collect that have no idea we exist.
And there are new people getting into this hobby every day.
So to answer your question again, a big NO. Think of this as a rest. The hobby has been going strong and fast for the past 5 years. Many long time collectors are surprised that we have lasted THIS long.
Eventually we will lose a company or two. It's a tough business. But like I said, we will survive. It won't be the end.
As John Wayne said in "Big Jake" when a bad guy said "I thought you were dead." John Wayne replied "Not hardly."
"Grant us wisdom from Thy mind, courage from Thine heart, strength from Thine arm, and protection by Thine hand. It is for Thee that we do battle, and to Thee belongs the victor's crown. For Thine is the kingdom, & the power & glory forever, Amen." SF Prayer