Not Lame is closing its doors.
It didn't come as a shock, with the less frequent updates on the site and the steady stream of "blowout" sales as well as the general malaise in the CD-selling business, but it's a sad day nonetheless.
Bruce Brodeen has probably done more for power pop than anyone over the last 10-15 years, and Not Lame will be missed. Here's a video from him explaining his decision (Note that NL's last day will actually be November 24, not the October 31 mentioned in the video)
As always, Bruce has more irons in the fire, and if you want to stay in touch with him regarding his new projects, head over to this page and give him your email address.