Here’s a quick update: I checked with Tokyopop today and they told me that Fruits Basket and Gakuen Alice will definitely continue—I know, duh on Fruits Basket, but Gakuen Alice is a newer series. They couldn’t give me definite answers on anything else, but Dan Hipp noted on his blog that volume 3 of Gyakushu would be online only. At The Beat, Heidi had this to say:
In other developments, we’ve heard from a couple of good sources that Tokyopop is releasing several creators from their contracts, and negotiating with others for their publishing rights. Expect to see some movement there over the next month or so.