I think the term that Reddit is dying is being thrown around too much and is far from the truth. In fact you said it yourself, there are As for Hubski becoming reddit 2.0, I don't think it'll happen anytime soon or even at all. Since Hubski revolves around a tight-knit community who mostly prefers intelligent, interesting discussions to the classic meme it'll be difficult for any normal number of reddit users to transform this site to be their own little reddit.8 Million unique users a day
. Reddit isn't dying but instead is going through a drastic change in content. Instead of being the thoughtful community-orientated website that is used to be, it has now morphed into a meme-orientated community mostly dominated by people posting overdone jokes and puns for karma, this is especially evident in the default sub-reddits where the communities are largest. So, Reddit isn't dying, its growing, but the content that used to dominate the front page has now mostly disappeared and been replaced by content, unfortunately, not that much different from what you see on facebook and 9gag. To use reddit as it used to be requires one to discover the back-end subreddits where there are intelligent discussions and an absence of circlejerky content.