No it hasn't, its been revoked but only for fairly new bikes fitted with ABS. If you want to import a 80's or 90's bike without abs your still stuffed.you'd be lonely if you did Arthur, its gone in the bin.
The FFMC are still campaigning about this, as there is no link between power and accidents.
For this topic read that again. There is no link between speed/power and accident rate. The vast majority of bike injuries and fatalities happen at sub 30mph. Inconvienient for soapboxing but its fact.