I've moved this to Pentax DSLR discussion as it's neither news nor rumour...
Not dead in the water... just a slow trickle of products - slower than some would like, and perfectly fine for the rest of us. More FF lenses on the roadmap; K-3II replacement more-or-less confirmed to be in development.
I'm certainly not bored, but I guess those who are primarily interested in prolific output of new equipment are better served by other brands. There's plenty of choice for all tastes and preferences.
However, all the other brands are doomed, as @beholder3 explained
HERE That post is as wise and insightful as it is humorous