I knew it was going to happen. Even if it wasn't official or spoken of before I left, I was hoping for the closure for a long time. I'm glad the management of GC didn't drag it out longer. The developers are quite horrible (unresponsive and contradictory). The trouble I went through with them, while mostly nice people, was probably the most stressful in my 4 years at GC (one time our coordinator didn't even show up for maintenance...negligent.)
Sorry to the players, but I think this is a good move on GC's part. Relaunching it in the first place was a bad move. I was excited to be the head of relaunching a game with such a big fanbase at first, but after seeing what EYASoft provided us with and the support (or lack of) they could give us, my hopes for the game were quickly demolished. Then seeing them unable to handle our event requests properly, making most of them craft events, was also disappointing (especially since we were taking the task of thinking up events off their hands). The Christmas event is what you get when EYASoft implements events themselves.
I urge you all to not blame the GM (Tokki), but instead vent your frustrations toward the management who decided and pushed the game launch when it wasn't ready/up to par with what players wanted, and the developers who couldn't deliver a decent experience.
Also, when it comes to compensation, I don't know what it is, but keep in mind that will also be partially management's decision. Tokki will do her best to give compensation within the restrictions the management gives her...so if you don't feel it's fair compensation, try not to take it out on her