Or maybe not.

Syke says no BFL products delivered after today will reach break even.  I think that's going to be the problem with any hardware.  It was ordained when a proof of work which lent itself to massively parallel processing was written into the specs of bitcoin:  it produces a situation with no equilibrium. 

The only way an equilibrium could be established is if there were to evolve a handful of colluding or clearly cross-signaling entities dominating the network, each with large network shares, who would respect each others' network shares and drive any non-cartel shares to below net-revenue zero.

Otherwise, the only way to increase revenue is to bring more hash power on line, and the dog begins to chase its tail, circling faster and faster.  That way, too, small miners become collateral damage at an increasing rate.