Frogster has announced that its action-MMO, Eligium, will be ceasing operation on July 17, 2012. The reason for shut down according to the forum post is that the game does not measure up to Frogster's publication standards.
ELIGIUM enjoyed an excellent start to the Open Beta in February 2012. Despite our prolonged efforts to support the community, listen and respond to feedback and criticisms, and ultimately do our utmost to offer players the virtual universe of their dreams, we have come to the conclusion that ELIGIUM does not fully meet the high expectations of Frogster as a publisher. Therefore, we have decided to discontinue the operation of the game with a heavy heart.
Read the full post on the Eligium site.