It's basically dead. ICO moved their own website to an implied consent model, which is basically what we've all been doing (EU or not) anyway.
If you're concerned and want to make sure you're compliant, check out:
http://www.ico.org.uk/news/current_t...on-our-website and
http://www.ico.org.uk/for_organisati..._guide/cookies
It's not technically "dead", but it may as well be.