The game may not be at the high levels it was at the end of SHB/star of EW, but did anyone think that would last forever? Hardly means the game is not on life support, especially given how its one of the only SE properties that seems to be making any money. I would say as long as the game has active subscriber it can go on, like FFXI is. Plus if I believed every thread on a MMO forum said its game was dead then WoW would have been gone before Burning Crusade.

Besides, we are all the worst people to judge the game on its state, because I very much doubt anyone here is free of bias opinions on that matter.