Hot topic this week is literary agent Andrew Wylie's deal with Amazon to epublish his clients' books, cutting traditional publishers out of the loop. With such an illustrious client list as John Updike and Saul Bellow this has caused seismic ructions in the publishing community and been met with much gnashing of teeth and cries that this is the End of Publishing As We Know It.
I don't pretend to know enough to offer an opinion on this, but we certainly do live in interesting times. The implications are huge. One author I know of, Joe Konrath, has launched himself as a self publisher after being dropped from his traditional publisher with apparent success. If high profile authors can publish themselves why would they need publishers, or even agents for that matter?
Joe Konrath discusses the issue on his blog. It's food for thought.