Very bad news for indie developers, hobbyists and all people who planned to make their games using the great torque engine.
from their blog…
Today, InstantAction informed employees that it will be winding down operations. While we are shutting down the InstantAction.com website and Instant Jam game, Torquepowered.com will continue to operate while InstantAction explores opportunities with potential buyers for Torque. We thank all of our past and current customers for their support.
– Torque Management