Lace is still a big trend. The four page ad that folds out of the cover page of the April 2013 Vanity Fair shows three lace or lace trimmed Ralph Lauren garments, and Ralph Lauren's Spring 2013 Collection (the most expensive line he produces) shows several lace trimmed jackets and dresses with a bold Spanish/South American flair.
-- Edited on 3/20/13 11:29 AM --
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I think lace is still strong. I'm currently watching a TV show and a young 20-ish protagonist had on the cutest white stretch lace top. The wardrobe on this show is excellent and quite fashion-forward.
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Fashion Styles and Trends >> Lace- still a "thing?"