Sure, there's lots of folks in India who can speak it. I seem to remember that there's a college in Benares where all instruction is in Sanskrit. And, of course, it's still used as a liturgical language. Somewhere, I have Hamlet translated into Sanskrit. It was done in the '70s. If you'd like to hear some Sanskrit being chanted there's some MP3s on this site:

http://sarasvati.tripod.com/veda.htm