Monty Oum, 33, has passed away.

Great start to 2015 \s RIP
I guess RWBY won't be finishing either.

After it just got imported in Japan too. Anticipating the merch prices going up for a while, just in case.
Either way I don't think the show is done. With all the work he's put into it, there's bound to be enough material saved up to continue. (also fxck ending the season on a massive cliff hangar.)
There's a (lot of) thread(s) on reddit about this, but I'll just link to the main one. https://www.reddit.com/r/RWBY/comments/2...ssed_away/
It's especially sad since the days leading up to it, people were pretty mum about it, and the little news we were given was pretty grave. ._.