Not according to research described in CIO Insight:

“Right now, anybody who is working in the SAP world, either with functional or technical skills, is doing great,” said Jim Lanzalotto, vice president of strategy and marketing for Yoh, a recruiting and outsourcing firm, based in Philadelphia. “The demands are for specialized skills, and if you’ve got to pick the right market to be a specialist in, the world of SAP is hot.”

ERP-related roles accounted for two of the best-paying IT jobs in the second quarter of 2007, according to the second quarter 2007 Yoh Index of Technology Wages, released July 23. SAP technical consultants came in first, with average hourly pay rates of $85.53, and ERP (enterprise resource planning) functional consultants came in eight dollars behind in second place, at $78.40 per hour.

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“ERP consultants are the rock stars of the technology space. Companies that have these technologies in place are deeply wedded to them, and they want to get as much value out of them as possible,” said Lanzalotto. “That is why having those specialists in place is critical.”

With all the discussion of Web 2.0, Enterprise 2.0, SaaS, SOA and other horrid acronyms and assorted boring names, you’d think ERP is dead. Apparently, people running business infrastructures think it’s very much alive.