My understanding is that Italic is a historical grouping including Latin and some extinct languages, with the Romance languages being the descendants of Latin. And depending on your definition, Latin may or may not be extinct too.
(Actually, I've never heard Latin classified as a Romance language; I've only heard it called the *parent* of the modern Romance languages.) --
Mike Maxwell
What good is a universe without somebody around to look at it?
--Robert Dicke, Princeton physicist