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The last fight I paid for pay-per-view was the Lennox Lewis/Mike Tyson fight. While I've seen the occasional fight since then, boxing has lost its lure. Part of the downfall was the fact that unlike nearly every other major sport, boxing still has four major authorities. So unlike the Colts or the Heat or the Cardinals or whoever won the Stanley Cup last year (I honestly don't know), there are four heavyweight champions. Even MMA has only two major leagues.
I think boxing is clearly dead and we will look on the Mayweather/Dey La Hoya fight as the bellweather of the end.