In general NO, but some may still work on a minor "point" change but not very often.
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no mods dont work
You can if you use mods or server texturepacks
It's probably outdated. When Minecraft updates, all the mods need to be updated also.Make sure they are still a .zip file when you put them in the Textures file. And did you select it when you logged into Minecraft?
Yes, most Minecraft Mods are updatable.
bearshare is not required to get minecraft mods.