Kodak is actually increasing it's production of 8mm film as a new generation of filmmakers have discovered its qualities. Some recent Hollywood films have even been shot using Super8.
We still preserve our 16mm films and yes, they are used...sometimes reformatted it's true, but we plan to keep the films as many of them will probably never make it to video or flash drive or microchip embedded in one's brain. I would wager that film and paper formats, if properly maintained and preserved will outlast most of us. Can't say the same for the ddiidddggggiiital stuff.
University of Delaware Library
Instructional Media Collection
VIDEOLIB is intended to encourage the broad and lively discussion of issues relating to the selection, evaluation, acquisition,bibliographic control, preservation, and use of current and evolving video formats in libraries and related institutions. It is hoped that the list will serve as an effective working tool for video librarians, as well as a channel of communication between libraries,educational institutions, and video producers and distributors.