User blog comment:BigLollipop002/Post your ideas for future updates!/@comment-24010157-20131004211421/@comment-1250011-20131004212011

That's not true. [Spinks] has looked into the possibility of "hiring another small team to continue updates while I move onto Terraria 2" and considers that a potential option.

There is still the possibility of updates for Terraria, no one knows yet.