Thanks to the allspark for pointing out a great article in Wizard Universe. HERE is a link to the interview with Pat Lee where he speaks out on the closing of Dreamwave; what happened, why, what's next etc. Very interesting and so very unfortunate.
Also, transfandom offers another interesting link to comic book resources article "Wave Goodbye" which mentions a few strange sounding rumors about just how in debt DW is/was and more important, their speculation that "The Hasbro Transformers license decision is due this week. It really could go in a variety of directions. Devil's Due are favourites but they played hardball at the end. If another publisher gives Hasbro what they want, they may go with it."