I figured things were going down hill when Craig quit, even back when it was bought out by Gibson Brands it didn't sound too promising. Big loss for those of who've invested a lot of money and time in Sonar over the years, and no future to look forward to, and a lot work now learning, and transferring music over to, a more sustainable DAW supplier's product. 
Ill refrain from any corporate insults here although Im feeling inspired to write some punk rock songs to that end, never thought I'd become a Pro-Tools geek, hey that's a good starting line, LOL
Sorry to everyone losing there jobs..       

Heartwarming to see Ron and Brandon chime in - always nice to see you guys. Terrible turn of events, I'm pretty heartbroken by it all, and I can only imagine what it's like for all the Bakers who had the rug pulled out from under them.

I really hope someone can salvage this. I honestly think I got my money's worth out of the lifetime subscription, but I'd love to see development continue somehow.

So sorry for anyone losing a job this time of year. Most of the staff have some great skills for this modern economy. Maybe it will turn into a great opportunity for them.

It looks like Studio One Professional is the closest alternative? I was looking to buy Komplete Ultimate this week but now I may have to change BF buying plans.

Any advice on making transition to Studio or another DAW?

How stupid.  Why buy an established industry-leading audio software company with thousands of loyal customers just to kill it?  At least have the decency to try to sell it and keep it going. I'll think twice about buying anything from Gibson or any of its subsidiaries ever again as a result of this.

I bought Platinum lifetime last Christmas. December 31, the last date available.
LIFETIME UPDATES!!!
LIFETIME!!!
Didn't even give me a year!
I've put big money into effects and plugins...and the wasted learning curve!!!
Cowards couldn't bring themselves to tell us a year ago. Let's suck every penny out of every last customer we can, THEN we'll pull the plug, once they think they got a great deal.
Like buying a warranty on something and when it fails, there's no one there to fix it AS PROMISED!!!!

How long will the servers be up for? I have to assume they will be brought down at some point. It's a sad day for Cakewalk and us user's. How will we be able to install Sonar if need be if these installer files don't work off line?

Dang, dang, dang - like for real???  I am at a lost for words...  Aren't there any attorneys on here - like class action law suit or something - just saying 

Seemingly left hanging with Roland VS 700 & now this is happening - my Momma always said if you can't say nothing good; don't say nothing at all - so I  am going to be quiet 

The problem is its hosted on Cakewalk servers and when they go we lose all contacts. That's the end. This forum could be gone next week so what then?
 

Kickstarter?