This is sad! A bunch of really talented, dedicated folks from development to marketing are all in serious trouble, I hope Gibson was decent enough to provide timelines and respectable severance, but I'm not confident.
This is not the first software tool I've lost, and it won't be the last. That's part and parcel of the software industry in general, and especially in our little neck of the woods.
Let's face it, the Music Biz is transforming, and it is moving away from what some of us remember as music production. You know, catchy hooks, live players, that stuff.
As that happens the entire Musical Instrument market is taking a hit. But there is a second, more nefarious force at play - the retail landscape has changed forever thanks to the internet, and to a lesser degree big box stores. And we, the consumers share some of the blame - we want ever lower prices. The two big music retailers right now are swimming in debt, and that flows uphill, if SamAsh and GC can't pay the manufacturers then the manufacturers are in trouble too. There is a reason Gibson, Fender, Harman, etc haven't called in the debt!
In the greater scheme of things this is still significant. But the only people facing an oncoming train are the Cakewalk employees (although other Gibson divisions can't be far behind.)
I think we - the Cakewalk community - need to keep things in perspective. A little "woe is me" is ok, but let's not forget the folks who are taking a real hit.