Looking at the way that those under 30 vote, I don't see how you could argue that it's the Democrats who are doomed. I don't buy the whole "mid-90s kids will vote Republican." It's not really backed up by any evidence.
In the short term, the real argument is 1997-2005 kids will vote 55% Republican.
Yes, the most diverse and liberal generation in history is going to vote 55% Republican. Definitely.
Not every generation gets progressively more liberal. If so, our country wouldn't be in a much more conservative place today than in 1970. In fact, there is some evidence that today's college students are much more conservative than those of five years ago.
There was an interesting article today about how the Democrats are doomed:
http://www.vox.com/2015/10/19/9565119/democrats-in-deep-trouble