By "traditional" I mean published against payment, in any form, as opposed to free Internet resources. For options other than 1-3 feel free to elaborate. To me, the future of the dictionary industry doesn't look much brighter than the future of the American auto industry. To be sure, people learning a language will continue to need dictionaries. And specialized dictionaries will remain useful. The Oxford English Dictionary, for a case in point, lays out the entire history of English before our eyes; it's a cultural treasure. (If, however, it were required to make money for its owners -- as most dictionaries now are -- not even the first volume of the first edition would have made it into print.)
In a recent thread, Jesse Sheidlower and I began discussing dictionaries and what they're good for. Jesse is editor at large at the Oxford English Dictionary, and as you might imagine, he considers dictionaries invaluable. My job includes fielding regular people's questions about language, so I'm constantly discovering new things that people wish dictionaries did, but they don't. I don't mean to suggest that lexicographers are particularly lazy or sloppy. But it seems to me that they invest a lot of hard work in things users don't need or want. ... | 
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