No, not LINQ per se. The "Language Integrated Query" is here to stay.
There's some talk about MS giving up on "Linq-to-SQL" (the SQLServer-only database version of LINQ) in favour of the ADO.NET Entity Framework, but even that's still a bit unclear.
See this post in the MS ADO.NET team blog and these comments here by Oren Eini and David Hayden.
And while I think Linq-To-Sql probably won't receive big updates anymore, I highly doubt it'll be physically removed from the product, so there's always opportunity for third-party developers to step in and make it great nonetheless!