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" The only thing that surprieses me...is that it took so long for the project to die."
For the project to die? Do you actually understand what the situation is? I guess five years is maybe longer than the Pegasos series was expected to run. But Efika and other hardware are available now or coming, so I'm not sure what you think is dying.
In all fairness, the blog entry isn't very clear. Summary should've linked directly to the announcement, and secondly to the blog for the reminisce pictures, which give the wrong idea.