Yea it is still going, but it changed to Full Metal Racket, and now I think it is just "The Racket" I haven't listened to it in ages as well, but you can listen to it for the next week on the net, which I used to do regularly.
Metal has kind of been pushed back underground, not many shows have metal on them anymore. Though there are still alot of the more commercial bands being flogged on MTV these days. I prefer not to watch that anymore because it doesn't appeal to my tastes anymore. Like I said, more "commercial" stuff.