Last Tuesday, October 26, 2010, LimeWire received a court injunction to stop their file sharing features immediately.
Even though they are out of the "file-sharing business," they will continue to use the other aspects of their business, however. They are currently working on a new piece of software that, they promise, will obey copyright laws. It will contain a music catalog (like iTunes), a desktop media player, mobile apps, and streaming music (like Youtube).
Lime Group has not made any known deals that they have struck, as far as the new service goes. They are far in the development stage of the software, but they do not yet have a launch date. And who knows, someday LimeWire might be the new iTunes!
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