Yes
I bought some stuff from performance specialties a month ago and the dude who owns it , Dave Shadel said the same thing to me.
Things like fast engines, $composite models$, and the space needed to run 160 MPH ships have hurt racing. But as anything else, nothing stays the same.
Locally in Minnesota we have worked hard lately to build a good base of competitors. Things like ARF Predators and same engine rule racing has helped us to hold on, for now...