It can't be dead as they're still toying with the idea. The spark to ignite the flame exists.
The consultation proposals in the form they were presented were abhorrent,
an affront to the vast number of co.uk domain holders who have invested years in time and millions of pounds promoting the .co.uk namespace.
Those proposals are on record and everything they have done will not be quickly forgotten, the current board would lack the credibility to try again in a manner that would in any way detrimentally effect current uk domain holders.