Tape is dead! Or is it?

Sony announced yesterday that they have developed a special kind of tape capable of storing 185 Terabytes (!) on a single cassette tape.  At the NABShow there were many vendors selling LTO-6 tape drives, advertising them as the best backup solution available.  Will we see a resurgence of tape as a storage medium or do you think it is dead? Spinning disk drives will probably slowly phase out as flash storage and cloud storage become more and more popular, but I think tape or some other real physical media will always be in the mix.