Yes, this absolutely is the intended endgame. The small and mid-sized vendors are to be crushed under the financial burden of the FDA application process, after which the few remaining larger vendors will be saddled with sufficient debt that they can be bought up by BT at bargain-basement prices. With the entire industry consolidated under the control of three or four tobacco giants, tax hikes and price increases are applied until there is no longer a monetary incentive to switch from smoking to vaping. A few years later, citing declining sales numbers, the tobacco companies start quietly discontinuing production of all remaining e-cig products.
If we don't succeed in turning the tide of public opinion, this is exactly how the whole scenario is going to play out. It's not alarmism and it's not overreaction; it's just the truth.
I feel quite comfortable having a wager on this "truth." I predict it doesn't happen this way. I predict it won't even get to the bolded point and willing to bet on that as well. I realize wager is entirely unlikely, but just seems to not be truth from where I'm sitting.
Sorry for not falling in line with the naysayers, but seems to me at this moment as likely as offhand chance that FDA will say, 'ya know what? We decided to not ban sales to minors.'