It still happens, but statistically speaking, it's insignificant compared to poaching and habitat destruction. You will never eradicate sport hunting, but thankfully most hunters these days are aware of the importance of ecosystems and whatnot. There are, of course, still cowboys...but honestly, in terms of impact, modern hunting is all about the lowest possible.
That's not to say I condone it or would personally take part in it, but I think people certainly have an unfair opinion of hunting in general. Look at some of the costs on that page, for example. In many ways you can see this as a good thing. Honestly, what business making that much money is going to allow their business (ie the animals) to expire? I am always concerned to see endangered species on a list like that, though, and this is where people need to work with hunters and the like to really get them off that list. Like it or not, I actually think that ecologically and politically hunting will be a huge protector for many species.
