Gods & Heroes has had a rough life for an MMO. Back in the day the game began under Perpetual Entertainment which turned out to be not so perpetual and went bankrupt in 2008, orphaning its two MMOs. Already hit with a setback, Gods & Heroes was bought up by Heatwave Interactive, developed further and released in 2011 to almost no fanfare. The game was fun, but riddled with bugs and containing very little content outside of questing. Heatwave came out shortly after with a blunt announcement: The game wasn’t running up to par.
This January, Heatwave stopped charging subscriptions in favor of a buy to play system, with the promise of an upcoming free to play system. In an announcement today, however, Heatwave has announced that there isn’t much of a development team left, and won’t be until the game finds funding.
However, at the end of 2011, it was clear that we would either have to let the team go, or find another way to keep them around. So, in order to keep the game alive and have a real chance at getting the free 2 play effort funded, we’ve reassigned the majority of the development team to new projects and made the service free for everyone. The game will have to remain in this state until we find further funding. I hope my honesty and transparency about what has been going on with G&H communicates our commitment and belief in the project.
Gods & Heroes isn’t shutting down any time soon, however. There is enough funding to cover hosting.
There is definitely no expiration date on Gods and Heroes and funding for that is not an issue. I want to make it very clear that we have no intention on shutting Gods and Heroes down and we are committed to the IP.
Gods & Heroes is still available via digital distribution for $10 with no subscription fees.
(Source: Gods & Heroes Forums)
MMO Fallout 
Well the servers went down in september and according to the website still havnt come back up, the forums are still down I can confirm. No reply from trying to contact them, no update or reply to messages posted on their facebook page or twitter.
Also their other game in development, Minis with enemies has, even tho it was promised in a video on the front page, not been updated since june 2012.
Heatwave have gone totally silent in any form of communications about any of their released or in development products.
Though I would reply to this in case anyone found this and thought of putting money down for GnH. As I would recomend not doing until Heatwave at least update in some variety of what is happening.
Hello,
I had a chance to look into this last night. Now, most of the purchase links for Gods & Heroes are dead (Steam, Gamestop, EB Games, and Direct2Drive) and the other two (Walmart, Amazon) sell for $5-7.
The servers themselves are online, I was able to log in at 2:30am, a couple of hours after you posted this, and play through the game a bit (nobody else online on Bacchus). I can’t say with any level of certainty how far back the servers were online, there appears to be contradicting information between players on Facebook. I have sent an email to Heatwave, not exactly expecting a response.