Great question. Not sure what my thoughts are. I have not heard of any schools that plan on cutting wrestling....although I did hear of one small 2a school cutting soccer because of budget issues.
My personal opinion is that High Schools will never get out of the sports business because it's a community builder. What I do think will happen is the Schools will start to specialize in certain sports and do away with others. So, you might go to school A for wrestling or if your really into soccer you might go to school B. Club and School will work together. Think of Mishawaka and you think of wrestling. You get the picture. I also think the battle lines are being drawn now. So better start supporting your school now(in wrestling) or it could be gone in 10 years.
I do think it will make for better wrestling matches. There's no better show than the HS wrestling state finals or a really good dual meet. As for the "non superstar" it will become tougher for them as varsity spots will be fewer. The solution for them is more of a rec league or church league.
Again, just an opinion.