Current parallel models for computation The 1980's gave rise to both the PRAM and the BSP models of parallel computation. It seems that both model's heyday were during the late 80s and early 90s.

Are these areas still active in terms of research for parallel algorithms? Are there newer more sophisticated models for parallel computation? Are general models still in vogue, or are researchers trying to specialize with GPGPU or Cloud based computation coming in fashion?
I apologize beforehand for the blog-post format of my answer. I couldn't help myself making a small overview of the parallel computing world.

You can categorize parallel programming models in roughly two categories: control-flow and data-flow models.

The control-flow models try to make parallelism work within the context of a explicit-control program, basically every programmable computer today.  The fundamental problem being tackled is that such a 'Von Neumann architecture' was not designed for parallel execution, but efficient sequential computations.  Parallelism in such context is obtained by duplicating parts of the basic modules (memory, control, arithmetic). 

Duplicating only arithmetic gives you SIMD instructions, all ALUs share the same Program Counter (PC) and thus always execute the same operation in parallel, albeit on different data. 

Duplicating ALU and the PC but keeping the instruction sequencer inside the control unit gives you Out of Order (OoO) execution that yield some pipeline-parallelism. In this category you also have the Very Long Instruction Word (VLWI) and branche-prediction techniques. You rarely see this category at a software level though.

Going a bit further is duplicating the whole 'core' but keeping the memory shared, these are the current multicore processors that give you task (or thread) parallelism.  Sharing memory in this context gives you very, very hard and subtle concurrency issues.  Parallel computations on current multicore are thus completely revolving around synchronization/concurrency problems, the careful balance of performance (no sync) and desired semantics (totally synchronized, sequential execution semantics). Examples of this is the PRAM or more popular these days the Cilk ofshoots such as fork/join (IntelTBB, Java.Utils.Concurrency). CSP and Actor models are concurrency models, but as mentioned above concurrency and parallelism become blurred in a shared-memory environment. n.b. parallelism is for performance, concurrency to maintain correct semantics.

Duplicating memory too gives you either networked computers that get programmed with MPI and its ilk or just strange non-Von Neumann architectures such as the network-on-a-chip processors (cloud processor, the Transputer, Tilera). Memory models such as UMA or NUMA try to maintain the illusion of shared memory and can exist on either software or hardware level. MPI maintains the program-level parallelism and only communicates via message passing. Message passing is also used on a hardware level for communication and concurrency (Transputer).

The second category are data-flow models. These were designed at the dawn of the computer age as a way to write down and execute parallel computations, avoiding the Von Neumann design.  These have fallen out of vogue (for parallel computing) by the '80s after sequential performance rose exponentially. However, a lot of parallel programming systems such as Google MapReduce, Microsoft's Dryad or Intel's Concurrent Collections are in fact dataflow computational models.  At some point they represent computations as a graph and use that to guide execution.

By specifying parts of the models you get different categories and semantics for the dataflow model. What do you restrict the shape of the graph to: DAG (CnC, Dryad), tree (mapreduce), digraph?  Are there strict synchronization semantics (Lustre, reactive programming]? Do you disallow recursion to be able to have a static schedule (StreaMIT) or do you provide more expressive power by having a dynamic scheduler (Intel CnC)? Is there a limit on the number of incoming or outgoing edges? Do the firing semantics allow firing the node when a subset of the incoming data is available? Are edges streams of data (stream processing) or single data tokens (static/dynamic single assignment). For related work you could start by looking at the dataflow research work of people like Arvind, K. Kavi, j. Sharp, W. Ackerman, R. Jagannathan, etc.

Edit: For the sake of completeness. I should point out there are also parallel reduction-driven and pattern-driven models. For the reduction strategies you broadly have graph-reduction and string-reduction. Haskell basically uses graph-reduction, which is a very efficient strategy on a sequential shared-memory system. String-reduction duplicates work, but has a private-memory property that makes it better suited to being implicitly parallelized. The pattern-driven models are the parallel logic languages, such as concurrent prolog. The Actor model is also a pattern-driven model, but with private memory characteristics.

PS. I use the term 'model' broadly, covering abstract machines for both formal and programming purposes.