Reports of the death of the precursor of Supernova (SN) 1961V in NGC 1058 are exaggerated. Consideration of the best astrometric data shows that the star, known as Object 7, lies at the greatest proximity to SN 1961V and is the likely survivor of the SN impostor super-outburst. SN 1961V does not coincide with a neighboring radio source and is therefore not a radio SN. Additionally, the current properties of Object 7, based on data obtained with the Hubble Space Telescope, are consistent with it being a quiescent Luminous Blue Variable (LBV). Furthermore, post-explosion non-detections by the Spitzer Space Telescope do not necessarily and sufficiently rule out a surviving LBV. We therefore consider, based on the available evidence, that it is yet a bit premature to reclassify SN 1961V as a bona fide SN. The inevitable demise of this star, though, may not be too far off.
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