Propellerhead was recently bought by another company, there was a thread at KVR.
Overall it looks like they are trying to save a sinking ship, good luck to them.
I've not heard about it, but it is quite likely indeed - I don't see it mentioned as often as it was back in early noughties.
Integration of VST can be a thing to save it.
Would be a pity if it disappeared - it's approach is pretty unique, especially since introduction of extension racks.
The modular structure is pretty sweet and it extends to VSTs as well.
On the other hand I find it hard to identify with software that tries to look like hardware, that's why I went with Ableton Live because it doesn't pretend to be a mixer desk or an analogue synth
Will have to check the demo someday