Captain America is dead, after 66 years of his debut into the hearts of comic readers.
He dies after he surrenders in the recently-ongoing Civil War (comics).
He battles Tony Stark (Iron Man), and he surrenders to the NYPD, due to the destruction his Secret Avengers had caused to the city. He surrenders as Steve Rogers, and drops his mask. A sniper (Later revealed to be Crossbow, sent by Cap’s main adversary – Red Skull) shoots him multiple times killing him.
Truly a sad day in comic’s history, Captain was going good after being defreezed from the ice by the Avengers. Nearly every hero admired Steve Rogers and wanted to be as good and famous like him. He’s also proven himself a worthy hero by having lifted the Hammer of Thor.

But though comics have a style of reincarnating people back into print, an article at Slashdot says that this isn’t gonna happen. Here’s another news article with news about an upcoming Captain America movie.
Also, he’s still alive in the Ultimate universe of the same Marvel Comics. I didn’t really expect Civil War to end (?) with the death of the shield-carrying, star-spangled-banner dressed hero. It was fun playing him in the game Marvel: Ultimate Alliance, which was a very good RPG.
Aftermath : Tony Stark becomes the new S.H.I.E.L.D chief, and launches some new ‘initiative project’. Also, Captain America asked his Secret Avengers (Which included the likes of Punisher, Spider-Man and Johnny Storm in it) to cease and submit before his surrendering.
Links for more info : Wiki [Civil War] [Captain America] [Marvel DB Profile] [Comic Vine Page] [The Death of a Dream plot spoilers]
Ahh god damn. I like Captain America.
‘Tis a truly sad day.
Wendy
9 Mar 07 at 4:40 pm
Hey, i think i have seen this Captain somewhere.. You are right.. Anyway, he is still in another comics right?
vijirao
10 Mar 07 at 10:05 am
@vijirao – Yeah but that is another universe with a different story altogether and he ain’t that popular there either.
Harsh J
11 Mar 07 at 7:32 pm