Thanks to a little digging by a ns.com community member (Bitchassphatz), it had been revealed that Volant has in fact NOT closed down, and has just been having trouble securing financing from it's backers.

Although this news is straight from a Volant rep, it must be taken with some caution as it has not been confirmed.

Apparently, the rep said, the media blew the entire situation out of proportion, when in reality Volant is still alive although only working at 1/4 capacity.

More information will be posted about this as it become available.