A friend of mine passed along this article yesterday.

Apparently Perpetual entertainment has changed their name (To P2 Entertainment), and ceased work on STO, and transfered all but the game code to another developer.  I’m really hoping that this does not really mean that STO’s going to turn into Vaporware, but it just doesn’t look good.

At the very least, this means we’re going to have to wait a whole lot longer for STO…  Sigh.