I don't personally think vBulletin will ever completely die off. It might lose some popularity due to the aspects mentioned (although to be fair, Facebook and Twitter the services are more likely to die than the concepts they're based on, similar software will probably now never completely die out even if said sites do), but vBulletin itself and traditional forums will always have their place. Saying it's ever going to completely die and go out of fashion for everyone is nearly as shallow and mistaken as the views that say, books will die out due to 'radio/TV/the internet'. Not saying vBulletin is as ifluential as a whole medium, but trust me, anything that's ever had popularity still has it's fans, sometimes even whole years after the company behind a product or series goes out of business or shuts down. I know of games being still explored and talked about even say, 20 years after release by a dedicated fanbase, and internet wise, look at Usenet, IRC and I think in some cases BBS systems which are still in use somewhere in the world albeit for a shrinking audience.
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