Hmm, slightly less "Dooooom!!" in this doom thread than I expected so a serious answer I suppose
I'm in it with the LEP. Don't think the forums/reddit etc is as bad as people think (squeeky wheel etc). I mean look at some of the in-game events (Distant worlds has probably around 2000CMDR's on the trip, community goals are still upwards of 3000 contributors, powerplay is still exceeding the thresholds every week etc etc etc)
My time in-game has dropped drastically due to getting a job but new titles like Fallout4, XCom2 etc are taking some of my time. Overall I have my value for money even if I stopped playing right now (12p/h of fun and games

) but Intend to keep going and get VR at some point. Will keep playing probably for the next 5-10 years assuming development continues, playtime may drop but I'll always be here
We have to face facts that no games are eternal but Elite will rely on continuing to attract new audiences, current prospects are good, we've been told at every turn that sales/interest has exceeded expectation and that the development team is growing all the time. The point where the team shrinks and they are mass-producing decals, paintjobs, bobbleheads and other extras is the time we have to start worrying.
I think the current outlook is best described as cautiously optimistic, PS4 release possibly at some point maybe, they could release a load of spin-offs once it's further developed like a 0 gravity FPS mode, possibly a story-mode or even a Telltale games style spinoff.
My personal feelings are they have to start nailing the connection issues, people want the Massive part of Massive Multiplayer Online. People want 100 CMDR's in an Instance or 30 people racing SRV's. If this means getting dedicated servers where private groups can pay a monthly fee to play in more stable and controlled instances (no forced subscription, totally optional) this is one option.
Imagine if the 20,000 strong Mobius group crowdfunded ~£3000 per month (No idea of the cost, this is a random number plucked out of thin air) to get on dedicated servers ensuring proper tracking, less lag, more players in one instance. Starports that are literally thriving with activity, space shipping lanes that look like they do on Futurama. etc etc etc