I think they're dying. I don't watch or follow them at all. But just from general news, I know that: they canned that TRL thing that used to be the hottest show, like, ever. They trimmed back their big award show this year to an hour and I think they may have cancelled the other. Other than that they just have a bunch of ridiculous reality shows, which is interesting--they are reguarded as pioneers in the genre starting back with Real World (which I also never watched), but they haven't innovated in more than a decade, and now they're just in line with everyone else.
[NOTE: Any or all of the above information could be completely wrong as I didn't really research any of it because I don't really give a rats ass about MTV]
Oh and my new MTV show:
The Queen of Love High--the show follows two high school seniors as they race to see who can lay the most jocks in an attempt to become Queen of Love High. Throughout the season they will also wreck 3 sports cars, traumatize some emos, and kill a hobo.