Like Francisco Franco, it's still dead. Look at the swing states that Obama has to win to get re-elected: Virginia, Pennsylvania, Ohio, Wisconsin, Minnesota, Missouri. Add up the number of gun owners in those states and you have the largest army in the world.
And so, two things are certain:
1. Progressives will continue to experience aneurism inducing frustration over the entire "lack of progress" on gun control, and
2. Obama will continue to be forced to fall back to sneaky under the radar type actions like Fast and Furious and the UN Arms Treaty.
Not a lot of progress to be had there. #1 is easy, and you can grab the popcorn while you enjoy the show. #2 is where the action is. Keep your powder dry.