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Hosoda has his own studio, Maruyama has his own studio, Kon's gone, Yuasa hasn't appeared since Yojouhan, many talented directors are branching out to work on shows produced by other studios... yeah, Madhouse is as good as ever.
In any case I don't think they're going to die, but they're not what they used to be anymore, just like Gainax or 4ºC.
Thankfully there is MAPPA and the exponential rise of Aniplex/A-1 to cover for some young directors, but I don't expect another Tatami Galaxy or Redline from Madhouse in the near future.
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