Basic handwriting is needed, but cursive and other complex forms of writing are not really needed. Drawing anything more complex than basic blocky letters in the Latin alphabet is more or less a waste of time.
I write cursive a lot faster than blocktext or whatever you call it.
On top of that, no-one has had any issues reading my cursive.
Edited:
I should say that i agree to the printing, for taking down passwords or taking very short notes but , as i said, for letters, essays, allot of notes its going to die out. very quickly
By very quickly i mean within 10 years (since its been used for 1000's of years)
Also it's "a lot" not "allot".
On topic though, I guess I'm conditioned to love cursive. At school I've written probably hundreds upon hundreds of pages of notes just using cursive, so by now I really don't see an issue with it. Especially since we had to learn to write legibly, otherwise we lose points.
Also neither cursive nor regular handwriting are going to die out, if they do then definitely NOT in 10 years. Not everyone is always going to have tablets or laptops handy to write down their notes. And if they do, then there's the possibility of it being stolen.