They just closed the one near me (Buffalo Grove, IL). Kind of shocking while not shocking at all. I barely ever set foot in a music store anymore. I almost never buy a NEW bass, and I buy strings online.
And Alan's comments bring up something I've been thinking about a lot lately. The bubble is going to burst on things like guitars and muscle cars, and I'm sure a lot of other things. The people who worship these things are getting to the age where they're selling things off or dying. Guitars and cars are outrageously priced right now, but I don't see them as a good investment anymore. Their popularity won't go away completely, but demand will eventually plummet, and so will values. Just my opinion.