It would appear so.
Even though they were a competitor it is sad to see any company go under.
If anyone here was burned by these guys, we are offering:
E3-1230 @ ~3GHz
16GB Ram
1x2TB disk
Located in our new DC in California
20TB Bandwidth
Native IPv6
1 IPv4 IP (free ips with justification)
Price: 25BTC
Just contact me on here or at
james@bitvps.com These servers are generally setup within 12 hours depending on the time you order/amount of work in teh queue.