From this heartwarming article in the Christian Science Monitor:

Postmodern literary theory is now transforming itself so rapidly that Marxist, feminist, deconstructionist, and psychoanalytic critics (and others) are flocking back to the drawing board in droves as they search for new approaches to writing and teaching.

Indeed, some academics say that postmodern theory is on the way out altogether and that the heady ideas that once changed the way literature is taught and read will soon be as extinct as the dodo and the buggy whip.