I am absolutely, positively, 100% convinced that this is not the end of City of Heroes. Call me an optimist if you want (I've been called worse), but I'm telling you, it's not a question of if in my mind, but when, and exactly in what form. But mark my words and mark them well, there will come a day when people say, "Hey cool, that was an awesome game, I'm glad that it didn't just die off when NCsoft tried to kill it like they did!"
I'm disappointed that the easy solutions didn't work out, but hey, hard solutions build character, right? And what community knows about building characters better than this one?