It would appear that someone got their facts wrong and Black Isle is in fact still open, Fallout: Brotherhood of Steel will ship for Xbox on Jan 5th, and the fate of Fallout 3 is TBD. Interplay representatives are attributing the misinformation as “false rumors”. All you RPG fans can begin the celebration.
Edit: Now I am hearing people say the entire BIS team announced they had been laid off in the official Interplay forums which don’t seem to be working at the moment. Fishy…