Earlier quoted context omitted.
If you're developing a free product and you're going to throw in the towel anyway, why not just open up the sources with a liberal license and/or hand the project over to someone else who's willing to carry the torch.
The license was changed with the new release. Edit: The following clause was deleted in the 7.2 release. - c. Phrase "Based on TrueCrypt, freely available at - http://www.truecrypt.org/" must be displayed by Your Product - (if technically feasible) and contained in its - documentation. Alternatively, if This Product or its portion - You included in Your Product constitutes only a minor - portion of Your Product, phra…
As was its ability to encrypt, apparently. I don't exactly count those as one in the same.