what lz says is basically true: many schools are closing the program. in recently years, usually over 100 phd's compete for 1 faculty position in a research school. most academic placements are now teaching schools.
if you target industry jobs, mis is still quite good (e.g., cmu's msis program). whether mis will fail to be an independent academic subject in business school, only time will tell.
and yes, even if 100 compete for 1 position, there will be one individual to succeed...