Hi Harry,
Sorry for the delay -- it took a few days to get a complete answer for your question.
The SUID sandbox is not used anymore by any official Chrome distributions. ChromeOS does still make use of the setuid binary to perform some system tasks (e.g., setting the oom_score_adj), so it won't be removed imminently. Note, though, that since the SUID sandbox is no longer tested as part of Chrome, there is a non-zero chance that support for it could break. However, we would accept patches to fix any breakages.
At this time we have no concrete plans nor timeline to remove the SUID sandbox binary. But from a code maintenance perspective, we will likely remove it at some indeterminate point in the future. We recommend that distributions switch to the user namespace sandbox, but that is not something that need be rushed.
Best,
Robert