[qbi_]

AFAIK yes, the demoscene is still quite active. There are contests every year, and new demos get written for recent or older hardware altogether.

See the recent 8088 mph [1] or more generally, the pouet website [2]

[1] http://trixter.oldskool.org/2015/04/07/8088-mph-we-break-all... [2] http://www.pouet.net/