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!
"The chain which can be yanked is not the eternal chain." -- G. Fitch