I certainly hope not!!! But I did a lot of research before I started up LensesForHire and, whilst there are a number of potential technological disruptions on the horizon, this isn't one of them.
Two main reasons.
1. There's a limit to how small sensor pixels can be. Pixels are essentially devices for counting photons, and you need enough photons landing on each pixel to be able to discriminate between different tones. Make the pixels small enough, and sooner or later that won't work. (And we're surprisingly close to that point alreeady.)
2. A mega-crop from a 10mm lens doesn't look like a picture from a 500mm lens. The depth of field characteristics, for example, will be totally different.