Linden Lab is building a spiritual sequel to Second Life
gamasutra.com
gamasutra.com
It's a chat room with a built in 3d building and scripting language.
Or at least that's what it was most days to the people I played with.
It is a valid question.
Second Life is truly dying - I've been there on and off for ten years.
If not through Linden Lab's horrible mismanagement, through simple attrition as there simply isn't anything to do there anymore. The novelty has worn off. We're well past the days when a well scripted game gets ported outside of that ecosystem and turned into a Gameboy title[1]. We're well past the days where someone can make a ton of money selling virtual land[2].
The value proposition isn't there anymore. The starry-eyed excitement that surrounded both Linden Lab and the player base when the world was in its early days has been replaced by cynicism and apathy.
I'd say rebuilding the game with what they've learned in mind is probably the only way to shake things up. Hence the upcoming sequel.
[1] http://en.wikipedia.org/wiki/Tringo
[2] http://upload.wikimedia.org/wikipedia/en/e/eb/AnsheChung_Bus...
So, saying that it's "dying" is overstating things a bit. They found their niche (whatever the hell niche they are serving), and there's little motivation to change.