Being a close personal friend of Frans himself (ex co-admin of the SQN forums), I can say he’s intentionally shutdown the site. He intended to regardless; too much of a drain on his time and wallet. The forum hacking just pushed him over the edge. He;s very cynical and bitter about the community at large (as am I, just more so).
I think everyone agrees that it’s a bad decision on his part, and I’ll try talking to him again about it. But I think it’ll stay.