Yeah, giclee is still around. My art loving wife asked me what it meant and I think was a little disappointed when I explained it was just high-brow speak for "ink jet."
Not that ink jet prints can't be really good - I've seen some - but it's still an ink jet. Dressing it up in pretentious French doesn't change anything but make the one doing the labeling look pretentious if not downright silly, IMHO.
Giclee actually comes from the French word to spurt or squirt. Use your imagination.
Officious lady in a gallery....yes ma'am, this picture was spurted and squirted on. And it costs $10,000.
I couldn't think of anything witty to say so I left this blank.