The reports of Gentoo's death have been greatly exaggerated.
“Failing that, the latest news item on the Gentoo Linux home page — announcing the October 15 weekly newsletter — could be the project’s very last news release.” - DistroWatch
Yes, Gentoo has some issues concerning the Gentoo foundation. Yes, we are actively working on straightening out these issues. No, Gentoo is not dying. Developers are still coding, servers are still humming and moral among developers that I work with is high. This is not a full time job where the miserable guy in the cube next to you keeps chugging on because he has a mortgage and 4 kids. When a developers of this distribution lose faith they leave. This leaves more happy and highly motivated people in Gentoo then you probably see at your day job.