Contrary to rumors Magento Open Source is indeed alive and here to stay for a long time to come. Willem Wigman talks about the two different support models of Magento Open Source and how this will benefit the community.

Long Term Support from Adobe will be called the Magento Open Source LTS version. This is a very common practice in Open Source software. The Short Term Support or STS version of Magento will be supported by the community. We also talk about the benefits of a cleaner more streamlined version of Magento Open Source LTS and how this will increase the ROI of merchants all over the world using any version of Magento.