This (presumed) takeover is actually a move back to the old days of government control, although I'd assume more as a way of establishing control rather than paying lip service to socialist ideals.
I can only assume that Google don't see it as much of a loss of revenue, or that whoever is in charge of the decision doesn't like adverts.
*(It wasn't until I was round at someone's house, and they showed me something on youtube which had an ad on it that I even realised they existed, apparently this was at least a year after they were introduced.)
Ideal spot for a launch site!
And yes, the (alleged) TC developer was doing a great job of avoiding the main questions "can we change the license on the code to GLP?" and "can we use the name TrueCrypt?". The original email even mentions that they foresee having to re-write chunks of the code.
It's not necessarily a nice feeling, for example I know I'm not going to get to meet my dead granddad again, but I'd rather have it than be wandering around with false hope that somehow everything is going to be fine.