There will most likely always be an amount of people listening and creating "emo" music as a genre although it could become a very small group. Take big band music or swing as an example. It was influential during it's time and now only a small few continue to listen and rediscover it.
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Originally Posted by Dang
well personally i think that it depends on the more specific genre, since emo is a term that has become so broad that it has basically lost all meaning as a classification.
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That's just one part of the cycle. If it continues next comes the refocusing of the genre as the trend fades.
We will just have to see though.