no, it is not dead and it does work nicly for me, but I have moved from link manager pages since google ban them (or ignore the links from them) to a much better/easier link exchange system which is also FREE, well I have many sites so it play a HUGE role in my decisions, you can try it out at http://www.link-swapper.com , 1 warning , your server needs to support PHP or ASP to use it.
/Janet