This from MMORPG.com on this news

Wolfpack Studios - the developers of Shadowbane - is closing.

This according to sources at the development house who were recently informed that their jobs were being terminated. The last day for Wolfpack staff is May 15th.

Parent company UBISoft is said to instead be redirecting their company's focus to next-gen platforms.

At this time, there is no word on what this will mean for the future of Shadowbane itself. The game just hit its three-year anniversary and was recently offered free to all users.

In total, approximately 25 people at the Austin, TX studio have been left without work.

The game has just been made free. Is Ubisoft going to keep it open to stay in the market or are they going to shut it down completely? We shall soon see.

More news and info on Shadowbane.