I think it would be excellent if he would be correct. But—*puts on Business Manager hat*—I think, looking at how things are working out for me, that it's not all roses.

The thing I keep in mind is that a lot of traditionally published authors aren't making a living either. They're making grocery money or part-time money. Measuring that way, self-publishing can easily be just as successful. Where I'm not sure it can measure up yet is whether it allows for the outliers, like bestsellers.