Gods & Heroes, it may very well seem that way. The newest dispatch from the development team has admitted that the game no longer has a development team and hasn't for quite some time. As the letter puts it, it was a choice between keeping the game alive as it stood or letting the team go, and without investors, the latter seemed like the better option.
So what's next for the game? The forum thread on the letter claims that the game's servers will keep running and funding them isn't an issue, but no new development will be taking place until the funding can be found for a free-to-play conversion. As the game hasn't come anywhere close to recovering the cost of bringing it to market, that doesn't bode well for the future. Whatever happens next, this is certainly a dark day for the Roman game, and we can only hope that better news is on the horizon.
[Thanks to Jason for the tip!]