The guru is still alive in the Amiga OSes that all Amiga Freaks of today use (except for the fact that the screen doesn't say guru, though). And they're still useful. Actually, if you want to code proper exception handlers, you can catch them before the guru occurs. Two classic guru number are $80000005 which indicates division by zero, and $80000004 which indicates improper memory addressing. The guru meditation is a black screen with a flashing red frame in the upper 25% of it. In the frame two lines of text are present saying something like
Software failure. Press left mouse button to continue
Error: 8000 0004 Task E856450
(I'll go home look through it one of these days.)
A funny feature about this is that waiting ten seconds or pressing the right mouse button actually also makes the Amiga continue (resetting, which has actually already happened when the guru screen appears)
Another thing worth mentioning is of course that some Amiga demos have effects that perfectly simulate a guru. It's always a good pisstaker at a demo party, as some people will always think that the coder of the production is a complete lamer, until they realize that the guru was a fake.