You may know Multiverse from…well you probably don’t know about Multiverse. You may know about the game engine because of two specific IPs set to have MMOs on the platform: Buffy the Vampire Slayer, and Firefly. Those looking forward to questing alongside Buffy or traveling the stars in the distant future will have to turn elsewhere. Multiverse has shut down production due to lack of funding, and has ceased operations as of December.
Although thousands of developers showed interest in the Multiverse Platform, Multiverse wasn’t able to achieve a profitable business model. As a result, Multiverse ceased operations in December 2011 due to lack of funding.
This isn’t the end of the Multiverse platform, however. According to the website, a group of people are working to start a nonprofit foundation to take over the platform and to support developers who still wish to use the engine.
(Source: Multiverse Website)
MMO Fallout 
So is a separate entity still trying to make the Buffy and Firefly MMO or is it pretty much never going to happen….?
It’s possible someone might pick up one or both. This industry is all about companies picking up where others have left off. Star Trek Online, Gods and Heroes, Hellgate London, Mythos, All Points Bulletin, and Earth Eternal are just a few games that were thought to be dead when their original developers went underwater but eventually came back. They aren’t all success stories, mind you.
I just hope it happens. After the TV series ended and it continued into the comics, I’ve lost interest/became completely devastated (mainly because the comic sucks and Joss really doesn’t play a huge part into it anymore). I need something to keep me going; an MMO would be perfect.
But that Dollhouse MMO is still on track, right? *grin*