I'm not an expert at second-guessing Red Hat, but I've noticed recently that the company is talking about 'desktops' again. So, their interest in Fedora (which is a desktop-oriented distribution - at least some of the time) probably remains.
On the C++ side, Fedora contains gcc 3.3.3 which is one of the best C++ compilers. There are plenty of assistive tools, too, like STL, make and eclipse. Even some of Intel's optimizations have crept into C++. So, go for it. Eclipse is the Visual Studio competitor. Or you can go down the emacs path, which is harder to learn.
I can't see any reason offhand why Fedora should die.
This was first published in September 2004