EMD update has not devalued and dropped rankings of domains that has keywords in it but it dropped domains with keywords in it and low quality content. There are still several several sites ranking high and getting preference from the Big G which have exact keyword match domain because their content quality. If you will focus on high content quality especially if you will update it on regular basis say then it really won't be an issue.
An advice: Focus on quality and making a better website instead of search engine rankings.
Hope it helps!