This is certainly a difficult thing to hear, however, given the economics of the situation, it is understandable. I'm glad I could help support the fest by generating some ticket sales over the years among friends and acquaintances, as well as gradually increasing my own gold badge order over the years. But when it comes down to it, it is a massive amount of work to put on a show like this, and the financial situation has to make sense in the end... and that comes down to the overall interest level of the fans.
Speaking for myself though, if Glenn puts on a ProgPower USA show, I will be there. However, if it turns out it is indeed time for the fest to come to an end, I will most certainly look back upon these past 12 years of festivals very fondly.