Best hope for boxing is their amateur and Olympic events.
I started watching boxing around the early 90s, loved it at the time, but now with K-1 and MMA, it's tough for me to watch it.
I have really been enjoying K-1 recently over the past couple years.
Relevant fights is what boxing needs, that and an up and coming unorthodox fighter. Especially in countries other than just the States. Say for example, a Prince Naseem style fighter comes out of Lebanese or Italy or something....knocking people out in unorthodox fashion, that would be huge. There are Lebanese and Italian communities around the world and it would cause a buzz for his fights and get a lot of people and new fans interested.
The fact is boxing commissions still rule MMA, so they aren't going anywhere. In the commissions mind, boxing still comes before MMA.
I hope that K-1 starts taking off more in the states and replaces boxing all together, but as long as their are intercity areas across the states where golden gloves champs come from rising through the amateur rankings, boxing will be here for a while.