Will XI have its' loyal followers/players? Sure, will it compete with the newer MMOs/Online games coming out in 14 and beyond? No(Don't see XIV competing neither, XI appears to be more engaging than XIV, imo).
I for one have grown tired; all of my friends were long gone. Have not been in a LS since the winter season.
I am particularly interested in other MMOs, SWTOR and Wildstar has my attention atm among a plethora of offline games. Black Desert, Destiny, Everquest Next, Kingdom Under Fire 2, The Division, No Man's Sky, and PSO 2, (PSO is always awesome^^) look extremely intriguing. Want in that Black Desert NA beta in 2015^^
As it pertains to XI, nah, I don't see this game flat out dying, rather, slowly dwindling. I'll say XI has more years left. Not gonna be in-game to see it most likely; cancelling this month, I have grown bored with XI tbh.

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(Yo-Sim-Mit-Tea is the correct pronunciation. It is how its spoken, folks.) Come over & visit awhile to many posted changes to the life of Vana'dial. You can find past posts found by a link, pops up with Char name highlighted, thanks!