Really? Aside from our standard FUD, I think it's pretty far from dead.
That last post about getting delisted from Cryptsy was made up, there's a new dev, another new dev who's helping him, the old dev has quit, but is still certainly around, and we have a pretty strong and committed community backing everything... There a new version of the wallet (less than a week old at this point), and a whole new direction coming. I'm actually thinking 8bit is currently cheap, which is the opposite of dead.