Comment 4 for bug 900384

@luizluca:
No, it's not dead.
I think development has moved from sourceforge.net to the mainline kernel (staging), as development there continues.
https://github.com/mirrors/linux/tree/master/drivers/staging/usbip (last commit less than a month ago at time of writing)

And yes, very disappointing to see 12.04 is probably not going to include it either before release.