Of course, that doesn't mean the end of comics for two reasons. 1) Bookstores. Obviously, the loss of the Direct Market would definitely impact bookstore offerings but they would still be there and be an avenue for new material. And 2) webcomics. I know traditional comic book readers might be adverse to webcomics but the audience for some webcomics vastly outnumbers the readers for comics in the Direct Market. To my mind, webcomics are probably the future of the American comic industry unless something drastically changes with the Direct Market for the simple fact that it's easy for creators to produce and make their comics available to new readers.
In fact, when was the last time someone mentioned the SHRA? I get that Secret Invasion didn't really have anything to do with the SHRA but what about Dark Reign? Granted, I haven't actually been reading many of those books but, then again, I have never seen it mentioned once in any online discussion outside of how the Initiative book is continuing or Tony Stark is on the run. And what are the odds that Siege will deal with it in a manner that doesn't involve someone basically going, "Oh, it doesn't matter anymore", if they even bring it up at all?
In essence, Blackest Night is potentially (assuming they end up bringing these dead characters back to life) just another One More Day - a turning back of the clock to a "better" status quo that, even if it does end up creating better comics, is almost likely going to be incidental to that since great, or even good comics, are the result of an attitude, not a status quo, which is a point Marvel and DC seem unable to grasp. Instead, they think they can substitute a status quo for an attitude and almost always fail in the end.
Kiel Phegley: Because it wouldn't be an Ultimate Q&A without a mention of mutants, Comicbookfan wants to know, "Hey Joe, what does the future hold for the X-Men in the Ultimate Comics line?"
Joe Quesada: There's just one word to describe mutants in the Ultimate universe – dead and scarce. Okay, that's two words. There aren't many left after the events of "Ultimatum" and one could say they're feared and hated more than ever before. But let me be very clear here, there are no longer any X-Men in the Ultimate U. Like I said, Ultimate U is now a radically different place.