Well, it sort-of "lives" in a quasi-Frankenstein's-monster-like existence.
Mike Nelson, Kevin Murphy, and Bill Corbett (the last iteration of "Crow T. Robot") have begun "The Film Crew," a video series in which they provide a running commentary for movies that don't have them already. Basically, MST without the docs, the bots, or the "we've got movie sign!" door sequences. I know, it's quite a loss, but we'll survive.
The first Film Crew vid is released next month. I'm pretty psyched.
Here's the series trailer, for your viewing pleasure:
Thankfully, it looks like more of the same. Welcome back, Mike Nelson and crew. We've missed you.
(Check out clips of the first few selections here, here, here, and here.)