Yes, that will never die, if only because it is a staple in the defense and aerospace industries and I wouldn't be surprised at all if there is still development done in that arena, iirc even the A380 had a VME rack somewhere in its guts.
I'm working at a particle accelerator, and we still have a few VME racks, but we plan to get rid of them next year. Industrial and scientific control systems are full of really old stuff.
