Print design is not dead, it's just more focused than ever. And because it is becoming more rare, print materials are becoming more effective. Just consider how many emails you don't read versus how many mailed items that you do.
Print design consists of brochures, magazine ads, business cards, business stationary, pull up banners, product packaging, promotional items, direct mailers, business signage, tradeshow dispalys, billboards, and more.