Famed Subbing Group WITH S2 announces it's end

On it's website today, the extremely famous fansubbing group WITH S2 announced that it will stop fansubbing. They wrote:

"
Thank you all for joining us in our adventure over the last decade.  We are sorry to say that WITHS2 is no longer actively translating new drama subtitles.
With the advent of streaming and fast community subbing alternatives, WITHS2′s meticulous process just could not keep up.  Our painstaking efforts to get just the right language to convey the right feel and just the right line lengths and timing ended up taking too long.   Alternative subtitles were available within days and ours usually took at least a week.  Understandably, fewer and fewer fans were willing to wait through our process for our subs when others were so quickly and readily available.  And, with the dwindling rate of visitors and downloads, fewer and fewer subbers were motivated to put in their valuable time.
"

For those of us who have been Kdrama fans for several years now, this is definitely a sad occasion. 

What do you all think?