PSD to HTML is alive or dead

The PSD to HTML concept is used many years by the designers to convert the mockups designs in the Adobe photoshop by using slicing tools. The refine the design in the front end tools like Adobe dreamweaver and create the CSS file for formating the pages. Question is that this concept of PSD 2 HTML is alive or dead? by the advancement in the Web standards. Nowadays this concept is used to create the images assets to used in the Website. Jquery to change the look and feel of the Web.