[Robsoie]

Taken from wikipedia :

FASA unexpectedly ceased active operations on April 30, 2001, but still exists as a corporation holding intellectual property rights, which it licenses to other publishers.

[...]
On December 6, 2007, FASA founder Jordan Weisman announced that his new venture, Smith & Tinker, had regained the electronic gaming rights to MechWarrior, Shadowrun, and Crimson Skies.

Smith & Tinker is an electronic entertainment company founded in 2007 by Jordan Weisman, Tim Lebel and Joe Lawandus. On October 15, 2007, they announced that they had licensed from Microsoft the rights for Weisman's previous creations of MechWarrior, Shadowrun, Crimson Skies and other FASA titles and would be announcing their plans for these intellectual properties at a later date.

The name of the company is based upon the fictional characters Smith and Tinker, an artist and an inventor who are briefly mentioned in the Land of Oz series of books. This is evidenced by the mention of Emerald City on the company web site.
http://www.smithandtinker.com/

So apparently it is not totally dead.

edit : oops missed CaptHawkeye post up there telling basically the same thing