Is Latin Really Now To Become An Extinct Language?

Yes, it seems so. Even the hardliners in Rome, like Father Foster, appointed as the Papal Latinist some 40 years ago, admits it. It is no longer tought in schools in Europe, except Italy, where 4 hours a week are still obligatory. In most other  countries you can choose the classical-educational course, teaching Old-Greek and Latin and English, or the modern languages course, which is preferred choice of most students.
They are, however, at a disadvantage when they take up a study like medicine. If the want to become a doctor, they have to make an exam called "The Small Latinum", the average time to study for it is 12 months.  Their counterparts with the classical education sail right through to university.
As for myself, I hated Latin at school, but later in life was most grateful having learnt it. Not only are you at an advantage when learning other languages, but  also - you are hardly ever at a loss when someone uses very upscale vocabulary - it's sure to come either from Old Greek or Latin ...and that's really cool!
Also, should I ever receive any kind of congratulations from his Highness, the Pope, I'd understand it - because he still writes in Latin to this day, on Papyrus-paper. But let's face it, this is rather unlikely!