Blues News is reporting that Black Isle Studios, developer of Icewind Dale and Planescape: Torment among other games, has been shut down. The company was working on Fallout 3.
Today marks the end of an era. Black Isle Studios is no more. In yet another sweeping layoff of employees, Interplay has officially let go the last of it's Black Isle employees (save two that I know of) and dissolved the division. Also, the non-announced title that the division was working on, Fallout 3, has been "shelved" to quote management.