I didn't believe it until I went there myself and saw the announcement:

http://www.hotkeynet.com/phpBB3/view...hp?f=23&t=2599

While it's unfortunate, at least the program is still available for download. HotKeyNet was the program that I usually referred people to who didn't want to pay for ISBoxer and wanted software with some power. If ISBoxer was not around, I would be using HKN myself.