The announcement warned players to spend all unused Acclaim coins by that time and offered a customer support email address for players with questions. However, the servers were taken offline almost immediately with no word from Acclaim, and after a week of silence from the developers, fans concluded that the game was gone for good.
Not so, it seems. A post entitled "The game is up!" appeared on the forums, sending a handful of players rushing to reinstall and enjoy a little more playtime. Unfortunately, there is still no announcement or explanation from the TCoS team, so there is no official word on what happened or how long it will last.
For the time being, fans of The Chronicles of Spellborn can enjoy one last chance to play.
[Thanks to CowMooFlage for the tip!]