Will photography become a 'dead horse'?

Now Canon has introduced its 4K (8.8Megapixel videoframes) camera.
The question will be: How long before photography is a dead horse?

With this new 4K videocamera you will have 24 pictures each 8.8 megapixel large.
Each frame is therefore large enough to be used in a magazine or newspaper.

Also wedding photographers should fear this camera as each frame is also large enough to be used in a wedding album. 8 megapixels can easily be scaled towards 15x15inch.

Will this change the way we look at photography?

I think it will certainly have an impact on the way we will perceive photography in the future.