I wouldn't say it's dead, but it does feels like it's getting stale. I think the AI influx of NTRS games makes everything feel very samey, especially since most either aren't great or get dropped. The game that I follow/look forward to the most is still Sins of Night, but it's very slow with content because the dev is splitting development with their other game.The genre is dead, aint seen good shit come out in a while. current projects are drip feeding us or milking.
Netorase/sharing is definitely still a niche genre for the most part, but it's just a shame. Numbers wise many of the good ones just take a while to get to the good stuff (which I prefer) but some get dropped before then, others rush development and take the excitement out of it, etc.