Yes its still there.
We were in Disney last year and have a photo of myself and DD sitting on a pooh bench outside the shop. It is located at the very right hand side of market place (if your looking towrds water) its next the Rain forest cafe and across from the christmas shop. It sells giant pooh bears and tiggers! its great.!!
Ohh you're talking about Pooh's Corner! Yes it's still there! And still amazing. It's actually connected to Mickey's Mart now (the 10 dollars and under store).
Like it was said, it's at DTD near Rainforest Cafe...right beside the Carousel.