Retro Database Making a Comeback?

Remember when your basic software suite consisted of WordPerfect, Lotus 1-2-3 and dBASE-III, and you coded listening to Wham! and Foreigner? Well a new company has acquired the rights to that pioneering database, which it claims is still used by "millons of software developers," and released dBASE PLUS 8. Does it have a chance? And why did it fade into obscurity?