Are free Nings going away?

I just read this post on TechCrunch contending that Ning is terminating its free product. I know that Ning has been popular within the educational community – it was powerful and it was free (Ning In Education). Anyone know if those who have taken this route are now out of luck?

It has just announced that it is killing off its free product, forcing existing free networks to either make the change to premium accounts or migrate their networks elsewhere.

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