Yes, RealPlayer is apparently still alive. Heck, back in the day, Real had the best (only?) streaming video on the net. As we all know full well, Flash video sites have taken the lion's share of the market since then. I still don't see the downloadable video feature drawing new users to RealPlayer, especially with their horrid security track record...

"Although independent developers have created tools for downloading Flash videos from sites like YouTube, such capability is not currently supported by the major industry players. Users will be able to burn the clips to CD or DVD, and share the links with friends directly through RealPlayer."