I disagree. Penmanship is important. My daughter struggled with writing both printing and cursive. I think the challenges she faced with the actual mechanics of writing, and the points off she received for her sloppy hand writing, made her slow down and become a better writer over all. I would also argue that it made her a better student as she could not fudge her way through it. Her hand writing was there for all to see. She's not a fabulous hand writer now, but I can read it. However, she's a straight A student after struggling with D's and F's in middle school.
I, for one, would hate to see cursive removed from our schools. I think it's important to be able to both read and write in cursive as not everyone uses the keyboard. I think our kids would lose a lot. Thank you notes still should be hand written - yes they can be printed, but a nice cursive will always come in handy.