Apparently the Picture Book is Dying. Don't tell the people who come flooding to my library to check out metric tons of the things, or the writers and publishers who keep putting out delicious picture books that I thrust upon those self-same parents with a manic glint in my eye. (Current favorite: Big and Little. Read it to 50 under-4s this morning and kept their attention throughout. Holy Hannah.)
Or maybe it's only in the UK?
Really, I think the only thing affecting the picture book is the same thing that affects every other sector of the publishing world: People buy what they know. So that's what libraries are for.
Thanks to Fuse #8 for the link.