Rael does a great job of communicating what is disappointing news for the investors, developers, and user community.
While the company and services will be shutting down, Stikkit and Sandy's DNA will live on; the intellectual property behind both has been acquired by Twitter, Inc [http://twitter.com]. While Twitter has no immediate plans to incorporate Sandy or Stikkit's feature sets into its core product, those who know our apps well may notice familiar-feeling bits and bobs appearing in your Twitter experience.
Read: A Fork in the Road / RIP IWantSandy