No, while the registration requirement was temporarily rescinded, it was later reinstated under the re-authorization act. Anything over half a pound has to be registered. $5 fee for all your recreational drones, and a different fee structure and certification requirements if flying for $$$ or for "furtherance of a business".
For what it's worth, it's not a good idea to tune out when it comes to your drones and legislation. The likely hood of the registration requirement going away for good were slim to none, and the FAA is still figuring out how to roll out the new rules. So pay attention to what the FAA is doing along with proposed legislation in your state and make sure you know what your state is trying to do in regards to drone laws and make your voice heard as you see fit (with your representatives).