I'm pretty shocked and saddened as well, but I'd like to think that it's not the end. We still have the forum, we like coming here to talk, and we can still make a difference, so that's something.
There's still hope that Namco will give Klonoa another shot, perhaps once they have enough of pushing Pac Man without much success, they'll look back to Klonoa again. However I'd only like for that to happen with competent hands. We don't need for Namco to close the series on the Klonoa equivalent of Sonic 06. -_-