Updated Mark Twain said, “The rumors of my death have been greatly exaggerated.” And so it was with Torque. They found a buyer and Torque 2D, Torque 3D, etc., (mostly) live on.
It looks like Torque has reached the end of the line — the company that owns TorquePowered, InstantAction, etc., shut it down and they are looking for a buyer. It doesn’t look good for anybody who wants to use Torque for games in the future.
If you’re doing mobile games you might want to check out Corona SDK — for the next week or so they’re offering 50% off to people who are switching from Torque.
For iOS devices I think Corona beats iT2D anyway, so this is a great way to get in at a low price.
Hopefully someone will pick up Torque Game Builder and it will remain available in the future for desktop game development.