I don't think true hacking is dead, its just lost in a sea of non-hacking. The number of students who could write code in my high school of 2000 was perhaps 35. Those 35 were amazing because they had to work to get access to a computer, so we had already eliminated everyone who was just "oh that's too hard". Of the 35 perhaps a dozen kept at it beyond one class in BASIC. In my daughter's similarly sized highschool 40…
An astonishing thing happened when we finally made it possible for everyone in the world to tell a computer what to do: We discovered nobody knows what they want the computer to do! We were surprised (if also for other reasons) because we confused the product with the means, or to paraphrase Feynman, hacking is like sex: sure, it may give some practical results, but that's not why we do it.
And it certainly isn’t dead.