In 1992, Robert Coover declared(I`d like rather to say "dared to" declare) in a book review whose title was "The End of Books" that the print medium, a doomed and outdated technology was destined soon to be consigned forever to "those dusty unattended museums we now call libraries." In addition, he also trumpeted a brave new future for fiction, the so-called hypertext fiction, informing the readers that the traditional novel, as we know it, has come to its end and would be replaced by the former. After his daring exclamation, hypertext fiction became one of the major subjects for discourse in literary society. This paper deals with the possibility for a new literature, on the basis that within 2020 will come a new age in which even the equivalent of a computer workstation of today might cost only a few hundred dollars. If the future will be like this, no one can expect literature to be the same as the currently read and written printed books. Definitely, literature will be changed, whatever it will be. First, In this paper I have placed an emphasis on the co-relatedness of postmodernism and hypertext fiction. I agree absolutely with George P. Landow`s assertion that hypertext embodies many of the ideas and attitudes proposed by postmodernists, such as Barthes, Derrida, Foucault, and others.(Landow 73) Second, I have analyzed Michael Joyce`s afternoon, a story and Darren Bleuel`s Gav and Peloso`s Interactive Story as representative exploratory and constructive hypertexts. Finally, I asserts that some preparations for the coming of a new kind of literature should be made immediately, even though I don`t think hypertext fiction will be the ultimate form of literature.