What happened to the bukkit project in regards to Minecraft?

What happened to the bukkit project in regards to Minecraft?

Added (1). Iv kind of got some knowledge on there's a legal battle going on, but i'm not sure with who or what or why? Also will the bukkit project be able to continue? I guess i'm hoping someone can put into lamens terms what's really happening?

The Bukkit Team says they are closing the project but when they began Mojang were the people behind the project, so they can't terminate it without Mojang's consent. Mojang has confirmed that bukkit will continue