I wish to create shareware software that contains a registration algorithm. I am looking for a programming language, that cannot be easily decompiled into readable code. F
Delphi is not dying, it is alive and well.
As is the community, at delphifeeds.
You can also see more delphi projects, Freeware, shareware and commercial at the Delphi Wikia.
Thus I'd say Delphi is a very good choice for Software Development. Freeware, Shareware or Commercial.
Update: On September 1st 2011 Embarcadero released Rad Studio XE2. This released adds 64 Bit Compilation, Livebindings, Native Mac OSX compiling, IOS (via XCode) and a whole lot more to the already powerful delphi Dev environment.