R-Type Final...

Is R-Type Final the last R-Type game by Irem?

Or is IREM closing down as a game company?

Both cases could not be described as good news...

http://ps2.ign.com/articles/487/487925p1.html

Irem closes the curtains on the Bydo Empire for good. Luckily it takes its bow with dignity and grace.

We're glad that Irem couldn't say goodbye any other way...
 
I haven't heard anything about Irem closing their doors, although they don't have much product other than R-Type, that's for sure. It's too bad Final itself is a poor game in comparison to many of the other games in the series.
 
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