The Novacore Studios Website has news that the Legends of Pegasus developer has declared insolvency, and has ceased operations (thanks Slashman). The Kalypso Forums confirm this means this means an end to support for the recently released 4X strategy game, inspiring frustration in users hoping that some show-stopper bugs, some of whom are now inquiring about whether this should entitle them to refunds. Here's Kalypso's explanation of the situatuion:

Developer Novacore had to fine for bancruptcy this week. We assume there will be no further development of patches for Legends of Pegasus but cannot make any statements on the state of the bancruptcy.

It is also legally not possible for us to just hand out the source code of the game for further community development as the code also includes software that is not open source.

This situation is very unsatisfactory, for us but of course especially for you. But it is all we can say for now.