There seems to be a pervasive misconception in the world that rearchitecting is still impossible. I understand that when the options were limited to mechanical conversion and starting from scratch, there was a lost of justification for learned helplessness around the mainframe applications.
However, times have changed. Getting the Java or .NET system you want that replaces and builds upon the asset you have in the COBOL (or similar) system is not such an unattainable holy grail. MAKE Technologies does it (looks us up if you like).
And now that it's possible, there's a lot of fear welling up in these mainframe vendors, resulting in articles like this one, intended to engineer some consensus.
But you can't put the genie back in the bottle!
http://www.maketechnologies.com
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