Not dead at all, though there are few brave (or stupid) enough to take the leap.
The Monty Brewster Baseball Association has, and we're going strong and fighting through the issues.
No current openings, but I suggest that anyone interested should stop by, register, get involved.
If I find enough people to feel confident that I'd have quality owners, I'll open up the MLB teams in our universe to human ownership, but not until I see 28 people pop in who are active and contributing to the cause.
Prove me right, folks.
For more on the MBBA, see the "Chronicles of the Monty Brewster Baseball Association" dynasty thread.