server side is "on its way out" the way relational databases were "on their way out" when everyone was hysterical about NoSQL 18 months ago. That is, while client side rendering will become much more prominent, server side will remain quite popular as well. Hybrid approaches will likely become the norm.
We've written an app here with 100% client side templates, and while there are some nice patterns that fall out of it, unless you're writing your whole server in javascript as well, you have to give up a lot of conveniences offered by server side templating.