Very sad day for a strobist. One of the best makers of alternative speedlites is going under.
All demise reports on German online news only referred to them as a manufacturer of tv sets. Since Metz obviously didn't even manage to promote what they're manufacturing at all, the bankruptcy is no surprise
For those who aren't intimate with German law: The current state of affairs doesn't mean the end of Metz, but simply states that they cannot pay their bills. Now an appointed expert will have a look what can be salvaged - so the flashes might very well be continued if they are expected to be profitable sooner or later (again).
Exactly. My contact tells me that an administrator has been appointed to run the business for now. I would be very surprised if they cease manufacturing altogether. I just personally consolidated to using their new 64 AF-1 flash units exclusively - they are fabulous, and have unparalleled power.