That's certainly the simplest interpretation of the line, but it's still frustratingly vague. It sounds definitive, but it's just unclear enough to give them wiggle room for one more Old Steve appearance if they need one (and can convince Evans to do it).In episode 5 ("Truth"), I believe Sam said the following to Bucky: "...but Steve's gone.It doesn't matter what Steve thought.". I took that as Steve not merely living his retired life somewhere (in the six months post Endgame), but he died, since both had to find their way without him.
Whereas, if TPTB were sure Steve was dead, and didn't mind precluding one more Old Steve cameo, Sam and Bucky could have had a more meaningful discussion about his passing than one quick line spoken in irritation.
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