End of Looseleaf Services?

A debate is currently occupying law librarians in the blogosphere about the future of looseleafs. Ruth Bird from the Bodleian Library at Oxford has described looseleafs as
"one of the legal publishing world’s more interesting phenomena of the last third of the 20^th century."
Here at the Otago Law Library we encourage students to use looseleaf services for their frequency, their usefulness - and just because we pay so much for them we want people to use them. But do you think their time has come? Can online resources do what looseleaf services have attempted to do for the past 50 years but better?
If you want to follow this debate then check out posts from Ruth Bird, from Jason Eiseman at Yale and Joe from the Law Librarian's blog.
My take. I love the looseleaf services we provide here at Otago. But that may be due to familiarity of the print versions and the cluttered interface of some of the online services. I find I can use materials more intensely if in print.
Comments welcome