Still think it's been a dead term that means something totally different now, but here's another article....

Recently, the well-respected pop cultural watchdog Adbusters ran a cover story dubbing hipsters as “the dead end of Western civilization.” As the article’s author, Douglas Haddow, defines it, hipsterdom is an amorphous region of modern culture defined by insignificant affectations: drinking Pabst Blue Ribbon beer, wearing jersey and lamé fabrics (exclusively), listening to Animal Collective. Hipsters are obsessed with their own images; in their vanity and madcap assimilation of cultural detritus, they are more concerned with “consuming cool rather that creating it,” as Haddow puts it. The hipster’s self-involved and isolated maintenance does nothing to feed the dialectic of culture; it doesn’t even rise to the level of being reactionary.

 

Unlike past social movements, which pretended to bear a social message, hipsters don’t have a philosophy. The hipster seeks only to pose as chic without sacrificing ironic distance. Haddow suggests that the future of a world dominated by hipsterdom is empty, trafficking in pale sketches of culture rather than any true culture: a Baudrillardian dystopia. (Baudrillard, the author of Simulation and Simulacra, described how our symbols detached from stable meaning and posited that society may be primarily composed of such simulacra.)

 

But is hipsterdom really the disease Haddow would have us believe? Hipsters may instead be the garishly colored and pseudo-nostalgic spawn of a more profound social crisis: The rise of the hipster signals our waning ability to experience the other. The world at large is quickly losing touch with alterity. As a result, we are losing the capacity to create meaning. The shallow virtual reality of hipsterdom—the world remade as simply an empty aggregate of trendy bands and silly clothing—is merely the first indication of this.

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 http://www.popmatters.com/pm/feature/63142/the-seventh-seal-of-smug/