For those who are viable, they will partner and merge with other programs and providers. Those who are heavily leveraged or in debt will go out of business.
However, I would expect a shit load of ugliness for those being forced out. I would expect no less then them going down kicking and screaming. While not all will resort to fraud, I would expect a lot more complaints on forums for the next year or eighteen months.
By year's end, no less than 30%, should be gone/closed/no longer accepting affiliates, etc..
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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