No offense, but the market doesn't care much about you
You asked if iTunes/etc has/will kill the album. I would argue that it doesn't make a difference. Most of the money has/will be made on single tracks. For those artists that want to stretch out, they now have the most latitude *ever* wrt making and distributing music. If I wanted to do a 12 hour concept "album" right now, I could easily record it (and collaborate in real-time with musicians around the world), then distribute it globally online, with whatever associated "album art" (photos, videos, multimedia, etc) that I want. I would argue that digital has in fact given artists ultimate flexibility for realizing their vision.
The only real question is who/where is the vision, and who wants to listen...