What ails literary studies? It's by a lit prof at Annapolis, Bruce Fleming. He begins:
The major victory of professors of literature in the last half-century — the Great March from the New Criticism through structuralism, deconstruction, Foucauldianism, and multiculturalism — has been the invention and codification of a professionalized study of literature. We've made ourselves into a priestly caste: To understand literature, we tell students, you have to come to us. Yet professionalization is a pyrrhic victory: We've won the battle but lost the war. We've turned revelation into drudgery, shut ourselves in airless rooms, and covered over the windows.
It's good. Read it.