It depends how you would define dying. If you mean that PC gaming has lost a lot of its importance over the year then yes of course, these aren't the PC gaming heydays of Doom and Quake. Last gen the PC gaming market significantly declined, this gen PC gamers don't even get to enjoy Microsoft sequals to PC games like Fable, Gears of War or even Halo. Or recently Alan Wake another such a game which was originally planned for the PC and published by Microsoft. Then you have plenty of other Microsoft games series like Forza, Kameo, PGR, etc which aren't released for the platform.
Many 3rd parties are also delaying their high profile games like for instance the Grand Theft Auto series. Even Crytek is focussing on consoles nowadays, etc.
However PC gaming will not completely die in the foreseable future, even Amiga gaming never died out completely, for instance there are still Amiga 'Game of the Year' awards each and every year.
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