This is highly doubtful. The fact that merchants take on all fraud risk from a fake card present transaction is very high incentive. I have friends in Canada that own retail stores and they said that fraud has dropped to almost zero because of EMV. There are ways to scam it, by pretending that the chip doesn't work and have the cashier swipe it, but if the cashier swipes it instead of using the pin, they get in trouble because the merchant loses money.
So I bet you'll see very quick adoption, within a couple of years max.
Big box stores are already moving towards it, with Target (surprise! surprise!) leading the way. Mom-and-Pop shops will probably not be happy about replacement costs, but they're apparently a diminishing market force anyways.
So I bet you'll see very quick adoption, within a couple of years max.