they should but they wont. too many people think there are pros out there who
can beat the market.

they can

just not with that much money.

All exchange-traded funds, or ETFs, are no load. Instead of front-end or
back-end loads, investors pay brokerage commissions just like they would when
buying a stock. Still, even though some ETFs tracking the exact same indexes as
open-end funds charge lower expense ratios than open-end mutual funds, the
investing public has not shifted the bulk of their retirement money into ETFs
for a number of reasons. First, most of us with 401(k) retirement plans deduct a
small portion of our paycheck each period to build up our retirement savings
over a lifetime of work. Investing in ETFs would not work as well for small
purchases since ETFs are not bought in fractional shares like open-end funds.
And, commissions would eat up much of the contribution to the plan. Finally,
open-end funds also can handle the reinvestment of dividends without incurring
another commission charge. On the other hand, if you are like me and love
trading, having a block of retirement cash in an IRA account that you actively
manage with little to no capital gains tax consequences from trading, ETFs
provide an excellent vehicle to make or lose a lot of money for retirement.

i doubt it, people are lazy...even picking an ETF, requires some
knowlege....though ETF's are just a new name for mutual fund...someone other
than the investor has to set up the ETF structure. front load, no load, end load
ETF's....sounds like a mutual fund to me.

I think so... but it will take sometime.