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While the economic pressures to reduce the overall costs of training (including time away from the workplace) have escalated during the most recent recession, it's not likely that the current e-learning technologies will replace face to face training.
What's most likely is that face to face training will be augmented or supplemented by e-learning, or vice versa. The models for this already exist and have been used by distance education based universities offering graduate school courses, where "students" are brought together in one place fo some period of time several times a year.
It may be that this is where the trends will take us with workplace training, with people learning somewhat independently via the use of technology and then coming together in one place for discussion, practice, and application exercises that don't work well via technology.
That's what makes sense. However, the pressures in corporate settings to reduce travel costs and other expenses may result in a temporary shift to e-learning until it's noticed that it doesn't work very well particularly for mandated training and learning.