It still exists but without any official iso or installer.
If that's all there's to it, you can still use debootstrap, compile a kernel, and point the root parameter to your shiny new install.
If the official i386 arch was built with instructions that your hardware doesn't support, tough cookies.
If the official i386 arch was built with instructions that your hardware doesn't support, tough cookies
While theoretically possible, that would only happen on processors older than 30 years. Debian's i386 architecture still uses -march=i686 as its baseline compiler target, which is the venerable Pentium Pro: https://en.wikipedia.org/wiki/P6_(microarchitecture)