2012 really does feel like the end of the world. 
Hmmm? As sad as it is to see so many projects "dying".. I see this as a somewhat positive move. Many of these projects haven't had any real activity for some time now. The fact that they are releasing what they DO have is great for the community.
Add to that also, that acknowledgement of an inactive mod allows us, and the HLP admins to move on. It opens up room for other projects. Which is a big deal. Many of these projects have been around since nearly the beginning of HLP. Since then the admins have become much more selective about the mod projects they host and as such (hopefully) the only mods that get hosted are ones that have shown
considerable ability to progress and be completed.
It's also a time where members can stop waiting for a list of dead mods to be finished and start coming up with their own ideas. As it is, it seems that the Missions & Campaigns board sees
many more releases than all of HLP's hosted projects combined. And that's a statistic worth thinking about. Hosted projects tend to be overly ambitious. With the standard set where campaigns are typically not hosted, I expect to continue to see more new members busting out campaigns because they decided to try rather than either hoping to get involved in a hosted project or simply waiting for the 'hosted elite' (quotes because being hosted obviously does not guarantee quality or even completeness.) to make a release.
So in summary, I'm not thrilled to see another mod declare bankruptcy.. but I am happy to see them acknowledge that they can't finish and then release everything they did finish implying "here, use this stuff and go make something awesome."
2012 may feel like the end of the world.. but in reality it's just the end of an era where Hosted Projects contain all of the community talent. (Unless you are BP.. in which case it feels like half the community is on the BP team.)