^^^ pretty much. Full featured applications are and have been being built with what is basically 10 year old web technology.
Simultaneously, users are coming to the realization that full featured isn't what they need. Thanks to the drastically lower cost of distributing software over the web, instead of monolithic, multi-purpose software from giant companies, small shops are building single-purpose applications that target niche markets. User experience is better, and costs are lower. Consumers and the economy as a whole wins.
If I had built my career on client-based Windows development, I'd be getting out of that burning building as fast as possible.
Simultaneously, users are coming to the realization that full featured isn't what they need. Thanks to the drastically lower cost of distributing software over the web, instead of monolithic, multi-purpose software from giant companies, small shops are building single-purpose applications that target niche markets. User experience is better, and costs are lower. Consumers and the economy as a whole wins.
If I had built my career on client-based Windows development, I'd be getting out of that burning building as fast as possible.