Yes WILL they are making a good progress starting from Delphi 2007. However they refuse to make a free version of Delphi like they (Borland) did in early days. Without free version there is no new user base and without a user base...
I think the next one or two releases will definie a future for Delphi. They said that they will deliver a cross platform solution in the next release. This is hard for me to belive and they want to target Linux and Mac OS at the same time.
If they manage to do it and people will buy that version (hope that story with Kylix won't happen again) the future will look bright.