Did Microsoft come back from death?

I was reading an old article by Y Combinator's founder Paul Graham titled Microsoft is Dead, written in 2007.

His point was that in 2007, nobody --meaning nobody in the startup scene, or nobody who cared about computers-- was scared by Microsoft anymore. Microsoft was effectively dead.

It's been five years since the dark wizard was thrown of the company. I wonder if we can already say that Microsoft is coming back from death.