Oh yeah, the characters still exist, though I wouldn't rate the current Looney tunes cartoon as that great either. It's got that weird, awkward Seinfeld-esque humor and all the characters act like they're in a sitcom. Bugs and Daffy are room mates.
OMG. Bugs and daffy as roommates? I wonder if that is the same as when I watched Sesame Street as an adult and began to question what was really going on with Bert and Ernie.