It's been said several times but yes this is very sad. An honest, educationally sound, creative, and fun hobby such as ours has been affected so severely. The younger generation simply isn't interested in this hobby, like we were. Once they get past the "around the tree" set there is no desire to get into real modeling. That goes for most "hands on" hobbies. Video games and modern technology has taken over. With prices, lack of interest, and the fact there are few "corner train stores" left our hobby is at best "breaking even".
I was born in the seventies and when I saw Lionel move out of this country, even as a young boy I felt very uncertain about the future of this hobby. I'm sure most of you guys could name other manufacturers such as Weaver that closed their doors or moved out of the great USA.
I just hope they stay around until I am 6 feet under because I certainly would not know what to do without this hobby. BRR I'm sorry if I totally came off topic but as you can see, like most on here, I am passionate about model railroading, and your post hit a nerve.