Yeah, it really depends on what you consider "the hobby" to be. If you look strictly at historical miniatures, then sure, it's a bunch of old guys. I take the broader perspective, historical miniatures is just one genre among several, but it's all about painting figures, regardless of the subject, size or scale, and medium.
In the MFCA, we've been reaching out to younger painters for several years. It started more as a natural process, with fans of fantasy wargaming coming to meetings, or striking up contacts over the Internet, or even just chance acquaintances that developed into friendships. And we realized that here is another group who shared the hobby, even if we all have different favorite subjects
It's akin to developments in scale modeling, where fans of this genre keep themselves separate from fans of that genre, whose fans don't want to see yet another genre. It can cause splits in modeling clubs, for example. An alternative is to go up a level and say what I wrote above, that regardless of the subject, we're all modelers. We might not build a car, or a ship, or a plane, or a T-rex, but we can appreciate the skill and work that go into any particular build. Same here. I'm not going to paint a Napoleonic hussar, but I enjoy seeing someone's finished piece.
So, though many of us are up there, the hobby doesn't die, it just changes.
Also, we tend not to look past the borders of the West, so we don't see our hobby colleagues in places like Asia. Of course, the Internet helps us learn about each other, in these different places.
Keep painting, keep showing our work, keep talking about it, keep it visible!
Prost!
Brad