Recruiting as we know it

Are we seeing the end of Recruiting as we know it. The thought came as I accepted another invite from a Business Networking site.
The Late nighties saw the onset of Naukri & Monster and that changed the way how recruitment happened. Are we nearing the end of that phase.
Almost evryone is claiming a place on the Web. Everybody is going to be out there somewhere with an email id a profile , a part of some network.
One will not have to go to a portal to find a person. So, the smart recruiter would be the one who has a wide and deep network in the domain he represents.
He may not be necessarily the guy with the access to the most job portals.

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