Hard to say. I'm in the middle of my two week trip here. So far I've just been in Magic Kingdom and EPCOT. I walked onto everything in MK on Tuesday. Biggest wait I saw was 20 minutes at Snow White. Small World was 5 minutes or less.
Today at EPCOT it was fairly busy. But I think that was due to MK closing early for the Halloween party. Soarin' had a 60 minute wait, though I was on the ride within 40 minutes. I walked onto Figment, Honey I Shrunk the Audience and Circle of Life. Walking around the countries only got crowded where the bands played and crowds rubbernecked.
I'd say it isn't dead, but it's nowhere as busy as it was in March when last I was here.