It's still currently the only way to play certain cool factions of the Warhammer world.
Not only is it not the only way, it isn't even remotely close to being the best way.
This is another one of those rare times where we are in complete agreement.
It most certainly is - as
@NIGHTBRINGER says, those factions can easily be played in 8th Edition and TOW if someone's willing to write an army list for them for use in those games. Indeed I myself have written fan-made army lists for some of them, in particular Albion and Fimir - the former because, as an armchair historian of Brythonic and Gallic Celts I found Eliasson's concepts and army list for it to be absolutely horrible, the latter because what remained of Eliasson's army list for them was barebones and not kept up to the standard of his other works. Both my army lists for these two factions are already available for 8th Edition, in my Great Library of Lunaxoatl thread here:
https://www.lustria-online.com/threads/the-great-library-of-lunaxoatl-lord-agragax’s-unofficial-army-book-index.20859/, and I am also working on TOW counterparts for them that I will add to the Library in time.
Funnily enough, Eliasson originally intended WAP to be a suite of expansion army lists for first 7th and then 8th Edition, before he decided to get on his high horse and write his own 9th Edition, thinking everyone would choose it after the destruction of 8th. By doing that, and fully replacing his 7th and 8th Edition works with their '9th Edition' counterparts rather than keeping them all alive and accessible, he has gone the way of The Ninth Age, wholly abandoned GW's official rulesets and gone his own way. Now that TOW has firmly re-established GW's presence in the Warhammer Fantasy market, and plans to eventually start releasing models and rules for factions Eliasson previously had the monopoly on, his 9th Edition will follow The 9th Age into oblivion. It's amusing, because at one point I was almost about to fall into the same trap by working on my own '9th Edition', something I raised a thread on this very forum about to gather ideas a while back. Yet TOW, in a spooky turn of events, adopted many of the ideas I had decided to go with, to the point that I'm wholly pleased to accept it as The Real 9th Edition, and thus have avoided making the mistakes Eliasson has.