It's a shame. There's a lot of wonderful music writing online, but there is a particular pleasure in perusing a magazine that covers a wide breadth of topics that somehow, in the editors' hands, all feel like they're part of a whole. Every issue I read both taught me new things and deepened my appreciation for the things I already knew. The No Depression website will continue -- appropriately, since the magazine itself emerged from a discussion group on AOL -- but it looks like the site won't include nearly as much content as the journal that birthed it.
I wrote around a half-dozen articles for ND over the last 10 years, mostly record reviews. It didn't pay very well, but that wasn't the point -- I wrote for it because I liked to see my writing there. (Well, that and the free subscription.) Any magazine whose definition of country music was eclectic enough to let me expound on the Kinks, the Pogues, and the 1970s Florida funk scene is fine by me. I miss it already.