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The answer is yes. Many publishers use SGML for a variety of reasons. The
publication of electronic books marked up in SGML is not usually one of
them, although Chadwyck-Healey are producing a CD-ROM of English Poetry
marked up in SGML using markup based on the TEI project.
The main application areas seem to be complex structured documents such as
dictionaries and legal data (reports of legal decisions and new laws/
regulations). It could be argued the main use of SGML at present is in
technical documentation. A group of publishers (Springer-Verlag, Wolters
Kluwer, etc) is working on a standard DTD for scientific, legal and technical
papers. The project is the Majour project and is due to finish around the
end of this year.
SGML is of use in loading databases from document sources, reuse of information
in a range of different formats and in applications that involve later 
processing of the documents.
A good idea of the range of applications is given by the papers presented at
Markup and TechDoc conferences.
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From geoff stephenson
at ketlux@ketlux.demon.co.uk fax to +352 318154