This was already posted sometime before, like the day after it was announced or something.
Anyway, the version of the engine that Badspot's using isn't officially supported anymore. I find it very unlikely that this would even effect people using the newer versions let alone our old one.
Yeah. S'far as I know - and I am bad at lawyerese so I may not understand the EULA of T3D/whatever else 110% well, but, s'far as I know you're not losing your license, just the tech support basically. And I'm sure there's other sites out there for that - if there isn't now, the Torque community is generally pretty tight-knit from what I've seen so I can guarantee that someone will put up a community site somewhere.