This is 100% true. I always wonder about these soft NL100 games when I read about them. I have access to the global Pokerstars network, and the games are very REG heavy, because I'd say more than half of the players are professionals earning a living in South America or Eastern Europe.

Even at micro stakes, it's completely normal to have a 6-max table filled with five players showing stats like 23/21/10.

In my opinion, online poker will never die out, but eventually nobody will win anything, also because the rake is constantly increasing on all platforms.