I have about 50 accounts with them (not ashamed to admit it either) and this is at least the 3rd or 4th time I had some close down. It happens... no need to panic. As for the argument that when they close, everyone who uses them will be fucked... well, that's ignorant too. Actually, the people who use them exclusively are the ignorant ones. Always have a backup plan is my motto
The only thing I use terra for are the bandwith burners (Hun & Worldsex of course) otherwise I pay for my hosting.
One more quick note to pimplink - do you really think that a webmaster who lists terra galleries would blacklist someone for submitting one and have it go 404. The big boys know how the game is played.