A few different sites are reporting that Cyan may be back from the dead - in technical terms "11th-hour stay of execution."
Gamespot has recieved the following from Rand Miller:
"We have managed to step back from the brink--after stepping off,"
Miller told GameSpot. However, Rand declined to go into any further
detail, saying only "There's not that much to say yet."
Dean Takahashi, of The Mercury News has updated
his blog with the following:
I sent an e-mail off to Rand and he answered, "We've had a reprieve.
Managed to pull a rabbit out of the hat (that I can't give details
about yet), so we rehired almost everybody. Crazy industry. It's giving
me whiplash!"
This is excellent news to me. It was hard to imagine one of the biggest PC game developers folding like we previously
announced here. More news on this situation is sure to follow.