This topic probably belongs in one of the discussion areas, rather than the help section, but anyway:
Well, for personal use flash media has already half replaced burnable discs--if something is only a few hundred MB most people will throw it on a pen drive rather than burning a CD.
I'm personally skeptical that by the time Blu-Ray recordable discs get to the price point at which consumers will start buying them anybody will care--assuming flash storage continues to ramp (there has been a speedbump recently, if you've been watching prices carefully), a $20 128GB pen drive is going to be preferable to a one-use $1 25GB BD-R, since a lot of new TVs, set top boxes, and DVD/BD players have USB inputs for such things now, meaning they'll slowly filter downward.
That said, while in 20 or 50 years who knows, for mass distribution I kind of doubt flash media will replace optical discs, mainly because non-rewriteable optical discs are VERY cheap to produce in bulk, while flash ROM (or rewritable flash) memory doesn't lend itself to the same sort of production cheaply. With ever-faster internet connections network distribution will take over everything other than niche market optical media.