I think it will live on thanks to recent developments in the hacking scene. But on a commercial level, it is very much dead, as dead as the Wii U sadly is. And thats coming from someone who loves the Wii U. It's just the fact of the matter, sure there may be a few games being developed for the device, but all-in-all there really aren't any more 1st or 2nd party titles (or if there are in the case of the Wii U, they also seem to be getting released for its successor as well) being developed for it, with no indication of any more to come in the future either. As far as Sony is concerned, it doesn't even sound like they're going to release a successor to the Vita either.