The way I see it is that if I buy the game complete now and it stops working 20 years from now, at least I can still enjoy looking at the artwork and manuals before playing the game on my emulator just like I do before playing a real cartridge. And to preserve that art even more, I like to scan some of my stuff. The cart might stop working but it can still be looked at too.
If the system outlasts the games and all those games die out, I bet there will still be people making multicarts in the future. I'd just go get one of those. Then when the systems all die, people will follow in the footsteps of today's clone manufacturers and the systems may possibly become bundled with full multicarts or be totally rom based having an internal fullset with replica controllers nearly exactly like the originals. A clone or TV Game will usually have a more accurate feel than a pure emulator so there will still be a market for them.
See the thing about video game collecting is that it is one of the few kinds of collections that don't just set there. Coins and stamps just set there in a book and you don't want to touch the coins much if they are shiny because that will ruin their looks. If video games no longer worked I might still collect them for visuals if I could emulate the things in order to play them. The artwork will just eventually turn into the kind of collection that comics, stamps and coins are but people will still want them.
I seem to appreciate games more when they are earned and have a good display for me to look at. Something about seeing a CIB game on the shelf draws you to it and calls you to play it when it is there in plain sight teasing you. You don't get that feeling as much from a little cartridge because you don't see it as well from a distance. And with emulators alone, you don't get drawn to play anything as much because all you get to see is text. You end up only wanting to play one game for a little while then since you have the ability to switch with the push of a few buttons, you get that ADD of having too many options to choose from. Just like having a larger iPod, you might not listen to every song all the way through anymore.