*looks up playing from wow, minecraft and TF2 (owned before f2p)*
I see nothing dying (ok, yes, wow has lost subscribers I know). Heck ME3 is out soon, as well as loads of other major games so no, I don't think it is.
On the other hand, I'm going to say what I believe Movie Bob did and that was, games aren't dying, just gaming as we know it. With so many free to play flash games, as well as tablet/ moblie phones now being a viable gaming platform. Ontop of that we have a lot of online games going free to play and I also see massive games like WoW increasing their free to play abilties even more as they'll probably introduce a similar Monetary Auction house into the game, such as the one in Diablo 3.
Ok, I've gone off topic here... kinda.
What I'm trying to say is that no, it's not dying.... just hold on as gaming as we know it begins to shift.