I dont see why anyone is saying its dead. It just that alot of the emulators have reached as far as they can go. The Super Nintendo, Genesis, Nintendo, and the NeoCD emus are basically perfect. The only emue which is for from perfect is the GBA one and its still being worked on. Also there alot of home made games and such still being made. I think alot of focus now is being put into trying to get homebrew to run better on 2.0 or greater FW's.