Is the exact match kw's loosing their value?

[mgob]

With the rise of the semantic search and Google's algo updates!! Do you guys think that exact match kw's are loosing their value.

The more and more Google is going to behave like a Q&A site, the more thir bots will be able to determine the actual contextual meaning and content of any page. So, I was kind of wondering that what do you guys think about it.