@MarkChinsky - If it truly is at the low point than the article is right - it will be making a comeback.
I think all of the indicators are there for ERP switching to start happening en masse over the next two - five years before companies hunker down again. The cloud - whether you embrace it, hate it or avoid it - has created a shift in perception that is making people re-think what they have.
It will create an amazing opportunity over the next few years.
I only wish companies would stop using the term ERP. It's really a stupid term for accounting software and makes no sense for the average small / mid-sized business. My 2 cents.