Well not really.. i am kinda bored of this game too, that's why i started playing MW3. But i still play this game. All UAE players are also playing it still. Just got a call from Rafay bhai asking to arrange meetup, faraz, zack etc would be coming. So not dead IMO.
It's just that new games have come so our interest is no more towards it.
Honestly, with time, my interest from whole Gaming is fading away.. Lol