If it is a NSA/NSL canary, then the devs are restricted in what they can say about why they are abandoning the project. The logical choice, and the easiest lie to remember, is that "we are just tired of developing it."
Which, unfortunately, is also the same exact thing they would say if they were just giving up on developing it. So the only real clues are the content of the current web page, and the changes made to the new 7.2 TrueCrypt. That they suggest using BitLocker without a TPM chip (I never thought I'd be suggesting the use of a pre-made TPM chip; honest) and that the solution involves upgrading to the pro version of windows . . . it doesn't pass the smell test. Serious crypto guys wouldn't suggest those tools when drunk, much less just because they are quitting.
As for "we don't know who the people who 'verified' the canary are" . . . that's another part of those nasty NSLs. If the people who knew the canary were close enough to the project, they would be subject to the NSL terms and silenced. It makes sense that a good canary is one that only one or two people un-connected to the project know about. If, for example, the devs put a big dead yellow bird on their webpage, it would clue us all in, but it would also violate most of the "shut up or else" clauses of a NSL. So, the devs may have prearranged a few phrases, told one of X to Y different people who knew each other but had little to connect with the devs, and then hoped they could get some Z phrases (Z
Assumption made about NSA and USA NSLs. Could be the same thing from other governments, or the threat of having their family killed by mobsters. The cause doesn't matter as much as the result, which is that 7.2 looks very fishy and we all avoid it.