There’s “no Second Chance; there’s no Last Stand, there’s no Final Stand,” says Black Ops 2 game director David Vondehaar on the officially unofficial Activision blog.
“There’s no combination whatsoever of perk or deathstreak that puts the guy in the downed state in multiplayer,” he said.
“It’s still used as the revival state in Zombies when you get downed. But it’s not in multiplayer – there is no perk and there are no deathstreaks, so there is no Final Stand or equivalent of it.”
Vondehaar did mention that a new ‘last words’ feature will be added to allow players to hear the last words of people they kill. “It’s an option that you can turn on and off in custom games. We gave it a name – Revenge Voice,” he said. “It’s on in public games; we can turn it off in league play if we want. We love that thing. It’s funny.”