Library - Is it still a physical entity?

I write this to get attention of many students and researchers alike who use library as their primary source of knowledge and information. When I refer to library it means the physical building that exists in our campuses and not the E Source E catalogs E Libraries E journals and E etc.
Professors, Lecturers and deep analysts still believe there is nothing to beat the library when it comes to authority, accuracy and depth of knowledge.
On the other hand there are people like me and many others, who believe Internet is 'THE SOURCE'.
If you know how to use it, you can do wonders with it, it remains up to you whether you want to use wiki or scirus or a blogging column or a Reuters' report on WMD in Iraq. It remains a matter of one's ability, perception and the manner in which one can tap the resource on the net. There is information overflow, there is inaccuracy, there is wrong information but at the same time it is fast, vast, interactive, communicative and LATEST. So yes there are pros and cons and such a topic can fuel a debate in a silent sleepy class anytime.

The pic above is a shot of Lady Djanogly Library at Jubilee Campus, Nottingham.

Shashank