It is very much alive. As a matter of fact, you can see parts of it today. For some time already, actually...
Z.B. Indy ECS is a "clone" of Denise, with extra features of course. Maybe people don't know this, but when you stick it in an A500 you don't need the original chip anymore (unless you want to use RGB).
So part by part, we have reverse ingeneering, and improving. And not only by Individual Computers. A few teams work on new Amiga hardware, new parts, spare parts. Things are looking quite well
