Sure cisc as a term was invented by risc. But non-risc (better term?) and risc have coexisted for 30+ years with no sign of x86 fading, and a new type of succesful non risc architectural style, vliw, has come about.
CISC designs have largely faded, in fact, since the beginning of the 32-bit era. Contemporary X86 is internally a RISC design. Not to mention all contemporary so-called RISC processors (power, arm) have hundreds of instructions and plenty non-risc style instructions.
Re your second point:
CISC and RISC are primarily characterisations of the instruction set architecture, not microarchitecture. (And of course this microarchitecture level translation was done with microcode already long before RISC was invented. )