You need a LBS, you don't need one... Blah blah blah.
I think it all boils down to what works best for you/me. Me? If I want to ride my bike and continue to buy good stuff, then I gotta get it where I can afford it and the LBSs in my town are SOL. Why? Because I'm not loaded and they aren't playing the price game. Why aren't they? Because most of them haven't figured out how to survive away from selling Joe Blow a cassette over MSRP or fixing Mr. Incompetent's flat and putting his tire back on BACKWARDS.
I still buy things from the LBS here in town from time to time, but I know what and where to buy and I do it ALL myself. No one else will ever work on my bike or my car, that's just how I am and I enjoy being this way. I'm not killing cycling or LBSs.
Smart LBSs are in on the internet game and will survive. Others? Well, sorry.
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