Apparently it's still alive, because Roger doesn't believe in any of this newfangled inflation stuff. According to this interview with Ira Flatow:
http://www.sciencefriday.com/segment/04/04/2014/sir-roger-penrose-cosmic-inflation-is-fantasy.html
he attributes the B-mode observations, not to gravitational waves induced by quantum fluctuations during inflation, but to primordial magnetic fields left over from the pre-Big Bang.