Polaroid No More?

Polaroid recently announced that it is reducing the amount of instant film it produces. The intention is to create enough film to last through 2009 and license the technology to other manufacturers after that. This comes on the heels of Polaroid's departure from film instant cameras. Polaroid wishes to concentrate on its digital endeavors but for a company that is synonymous with instant film, and has already declared bankruptcy once, is this a death knell? Also, what will this mean for the enthusiasts around the world who love working with transfers and lifts?