WebFives acquired by Microsoft

Here’s what Mike Toutonghi had recently sent to all Webfives users:

“In November of 2007, we reached an agreement with Microsoft, wherein Microsoft has acquired all rights to WebFives technology, patents pending, trademarks, and software to incorporate into its products and services over time. In order to make our wind down process as easy as possible for our users, Microsoft has agreed to provide us with a license to continue operating WebFives until the end of the year, giving you time to copy any information you would like to keep to your own PCs or another service prior to the end of the year.“

there is one more catch here.they are shutting down the site because it's a technology take over.so hopefully microsoft will come up with their own branded product in near future?
lets see....