Vindigo shutting down?

According to Silicon Alley Insider, Vindigo, one of the pioneers in mobile content publishing and advertising, is shutting down.  

Vindigo is most well-known for its breakthrough mobile city guide application, originally created for the Palm operating system and then rolled out for Windows Mobile and feature phone operating systems (Java, BREW). Founded by Jason Devitt (now heading up Skydeck) the company transformed itself from a developer of proprietary content applications to a mobile publishing shop creating highly successful mobile apps for big brands such as MapQuest and The New York Times.  The company was also an early leader in mobile advertising selling ads as far back as their original Vindigo Palm app.  In 2004 Vindigo was acquired by For-Side, a Japanese mobile content provider.  Since then it's existence has been tumultous, renaming itself Zingy and then returning to the name Vindigo last year.  My take is that the company hit it fairly big with ringtones and wallpapers and never fully recovered when the bottom fell out of that business.

Through the years I've come to know a lot of great people over at Vindigo some of whom have moved on (Carrie, Ludo, Kevin) and others who are still there (Scott, Russell).  For those still there I wish them the best at this difficult time.