I am a total newb, still haven't mined into double digit BTC yet.
Anyway wanted to chime in with my 0.02btc...
The slowness of mining on BTC made me take a look at the alt-coins, and afaict the majority of them use scrypt rather than sha256 as the mining algorithm. As far as I understand it, none of the ASICs presently (or soon to be) out there can mine in the scrypt arena, so while the proliferation of ASICs will make small BTC miners less profitable, I don't think they will make much difference to say litecoin or feathercoin.
If my lack of knowledge here is showing please educate me.
S.
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