While chatting with Iq yesterday, he came up with what I think its the perfect explanation for the issue.

People that moan about the demoscene dying coincidentally haven't released a serious production for a while, which means that somehow they lost the interest or the energies. Whether it's because personal issues, lack of time, lack of ideas, or just laziness, doesn't matter.

So, basically, the demoscene isn't dying, neither will ever die. If you think the demoscene is dying you better start working on your next demo, otherwise don't annoy the others with your pesimistic view :)

End of the story.