Currently the news is still in flux, and we will support any efforts in reviving TrueCrypt. If other Initiatives arise we will try to support them. At the moment we want to make sure everyone who wants can continue to use TrueCrypt.
They have already gathered the TrueCrypt source code into GitHub and made available for download the latest working versions of TrueCrypt, with the disclaimer that they are currently unmaintained. According to the website, the choice to use Swiss web hosting was made because "If there have been legal problems with the US, the independent hosting in Switzerland will guarantee no interruption due to legal threats."
"Ninety percent of baseball is half mental." -- Yogi Berra