I just checked, and TPB still works for me. But yes, I'm very saddened about the news that they've been bought. I realize that it's a miracle they've lasted as long as they have, but this still really pisses me off. Basically, Sunde and the rest of the gang make a boatload of cash, GGF owns one of the best known names on the internet, and the users get shafted.
As far as I can tell anyway. I doubt that a for-profit organization will be running TPB the way it is for very long, if at all.