"Wings" is very much alive, just not formally named as such.
I've read that NW and AZ are strengthening their ties and will form a much more closely alligned partnership shortly.
I've read that with the Italian government giving the green light to MXP as a hub, that KL will likely resume talks about a merger with Alitalia.
This will give the go ahead for Wings with AZ/CO/KL and NW at the core, and BU/EW/CY/AS/QX/HA/MH/JD/CA (and a host of other airlines I'm sure I'm forgetting) as other "wings" partners.