I know LGP is still alive, I just finished beta testing a game for them some months back; Shadowgrounds:Survivor. Good game, minimal porting issues. That and I still buy the occasional game from them, last one was Majesty:Gold, old but still fun.
This is not news for nerds. It's news for CNN, Fox, etc. Please stop trying to turn this site into Digg.
Amen to that!
Doubt is a pain too lonely to know that faith is his twin brother. - Kahlil Gibran