I didn't get the impression it was closing for good, as in not existing anymore, but it the majority of functions don't work with tracking and such, it's probably doubtful most are going to stick around. Probably also a problem ever attracting new users to a product that doesn't work right. They basically said development is over, money is out, and no fixes are coming. That's how I took it anyways.
I am pretty sure it is closing for good, as it costs money to keep the site and database up.
Although I imagine these costs are not too expensive judging from the amount of people who actively comment here (it's basically the same 5 people), I don't see a point in keeping the site up if it just keeps losing money.
@Alfa_Q announcement soon™ --- Sounds like Tron. True..I'm not well versed in what the server requirements are for something like this. Assumed it was sitting on the same server at the tournament site and would be up until hosting bill doesn't get paid.