Some interesting developments last night.
From Mercedes Lackey:
I, too, cannot reveal my source, but it is solid, and I hope you will accept my credibility at this point. Let's just say I had an interesting afternoon gathering information.
Fansy's source is correct. The reason that the game "must" be shut down before it can be sold is because of perceived legal problems and liabilities on the part of the NCSoft legal department. (It's not lawsuits or potential lawsuits with Marvel, but other issues regarding ownership). Apparently dealing with the Garriott case scared the whey out of them, and they are now jumping at imagined shadows. They won't even consider selling until it is officially "dead."
The bad news: the game will close Nov 30.
The good news: it can rise from the ashes.
Now to wait and see how much they want for the game and whether it can be resurrected after Dec 1.
In another post she says that 60/80 of the Paragon staff have found other jobs (although not Posi/War Witch), but studio head Brian Clayton suggested they could get the core team back together if they needed to.
Also it seems that the huge reaction to the closure was totally unexpected at NCSoft and has worried them into doing things they've never done before like refunding paid time rather than giving time in their other games.