By the time our kids grow up, they might not be
I've only touched on cursive a little so far for pretty much the same reasoning. When will they use it? The problem we're running into is them not being able to read it when they see a sign, ad, formal invitation.... I know it's something they'll work on more this year. And... I hear it should improve their printing skills too! ;-)
So, I think the PSs should continue to teach it also.
I agree with Wendy that it's important to learn cursive because they will need to read it at some point, even if they do not choose to write it.