I've used plenty of White Labs and Wyeast yeasts that were will beyond the recommended date, with no problems. I've also used harvested yeast that was about 1 year old (home harvested yeast degrades much faster than the commercial samples), and yeast from naturally conditioned commercial beers that were well over 1 year old.
The old yeast will have a very low viable cell count. I make a very small starter (about 1/2 pint) to wake the yeasts up, and get them to start multiplying. After about 3 days (possibly up to a week if you don't use a stir plate), I step up the starter to the required volume, wait another day or two (perhaps 3 - 4 days without a stir plate), and then pitch.
-a.