Reading the bugs and threads linked, the biggest issue seems to be that some people from the debian installer team decided to write their own live cd and declar

Reading the bugs and threads linked, the biggest issue seems to be that some people from the debian installer team decided to write their own live cd and declared that Debian Live was obsolete, without ever speaking to the people from Debian Live. So, it is probable that a live-cd will still exist, but it won't be the one called "Debian Live".