Dead, sort of.

Logitech have just announced a rebadged version of the Squeezebox Radio that is badged under the UE (Ultimate Ears) brand. It runs new dumbed down software and at launch only plays online content.

Later there will be an installable server for local music playback. However all the control stuff is in the Radio and the online service. The local server will just be a dumb thing for serving out media, not a full blown local server like Squeezebox Server/LMS.

They are planning to maintain LMS (used to be called Squeezebox Server) for a while, but the new products cannot talk to it.

Existing SB Radios will be able to be updated to the new dumbed down software.

I fully understand that this is the approach they need to take to actually make a profit on this stuff in the mainstream market, but it still sucks for us SB geeks