Should we still be teaching cursive?

An interesting article appeared recently in Newsweek magazine in which the author argued that schools should stop teaching cursive in light of society's shift to keyboards, Blackberrys, cell phone texting, Twitter, etc. Here's a quick excerpt"

In all my years of school, there was only one time I cried in class. It was the first week of first grade--Mrs. Scougie's room--and we were learning cursive. Q. I hated the letter. But it wasn't that I couldn't get the strokes right. It was the way I held my pencil: with four fingers around the base, not three--an apparent crime against writing protocol. And though I still write that way, thank you very much, I haven't used script since elementary school. I type, I Twitter, I Facebook and IM. I e-mail co-workers who sit feet from my desk, and text rather than call. The only time I pen a handwritten letter is when I write to my grandmother. So when I hear people say that penmanship is dead, my response: it's about time.I

I must admit that I don't know too many people who actually use cursive (apart from their signatures). Certainly no one in my family does. So if few people use cursive  - or even use handwriting in general in their professional lives - should we still teach it in school? What do you think?