No,
Modeling will never die. There's so many different aspects that you never think about. Have a look at your telephone, or your keyboard, or the plastic box that holds your computer screen - an industrial modeller made a scale replica (or a full size replica) of the item for assessment prior to tooling being made for it's manufacture.
Think of the 3D digital designs made for the automotive or aerospace industry using UNIX or CATIA - they're models too, just in cyberspace.
Scale models are made for architectural, statuary, art, just about anything you can imagine. It's too prevalent in our scociety and manufacturing industry for modelling to ever die. Besides - look at some of the newer kits that have come out lately - there's some crap, but there's a lot of simply fantastic kits out there that have a quality of tooling that would never have been dreamed of 15 years ago.
I've been building for over 35 years - I find it absolutely fascinating; re-creating a little piece of history, obtaining a better understanding of how something goes together or functions; trying something new; testing the limits of my abilities and trying to always improve.......then there's the miniature engineering I also enjoy - actually creating a REAL steam engine (only tiny) that actually works just like the full size item - it's a challenge, mental stimulation.
And after it's done, I can just sit and look at it and admire (or critisize).
I've been bitten by the bug and I'm afraid there's no cure.........I'll probably peg out with a 0000 paintbrush in my hand.
Cheers
LeeTree