IMLS Awards Over $14.7 Million to Recruit New Librarians for 21st Century

In a news release on their website, IMLS announced that they would be giving $14.7 million in grants to various schools and institutions to “help offset [the] looming national shortage of library professionals” by stepping up recruitment.

This plan has been discussed a bit on some listservs I belong to for new librarians, and a lot of us looking for jobs (for more than a year in some cases) think this shortage is imaginary. What do LISNewsters think? Will there be a shortage of librarians? Are these grants a good idea? Are there deeper problems than recruitment in the library profession that could be contributing to a shortage?