I was so damn sure that Borders would go under right after the new year, but your assessment is probably correct. The fact that my local store has huge "Help Wanted" signs in the front window, in order to have enough hands on deck to replace the ones smart enough to leave now, is confirmation.

A quick question: if Borders goes under, what will happen to the thousands of bottom-of-the-class English majors suddenly left unemployed and unemployable? Well, other than whining about how "somebody should subsidize a new book chain so all these jobs aren't lost"?