Well for starters, film has not completely left modern times, it still exists but it is dwindling down as companies like Polaroid are halting their production of certain films : http://tech.yahoo.com/blog/null/82063

Anyways, it deserves a special place in today's world because THERE ARE STILL PEOPLE OUT THERE WHO WANT TO USE IT. Better yet, there are still people out there who need to EXPERIENCE using film as opposed to the "instant gratification" a digital camera brings.