Hopefully one day we will find our silver bullet. With the number of languages/platforms getting touted these days, we are certainly looking hard for it :)
Speaking as an Erlang advocate it is great for communications and concurrency, but the string processing leaves a lot to be desired. It is good enough, but if you are doing text manipulation as your primary task Erlang may not be right for you ...
But if you are working on communications technologies, you really need to look into it ...