It looks like a company in Hong Kong has purchased the IP rights to the PLEO. Jetta Company was the original manufacturer of the PLEO.  They plan on continuing the product, and fix some of the issues that the original PLEO had.

You can read more on the Jetta Company page about PLEO.

Here is their official press release:

Jetta Company Limited acquires Ugobe out of receivership

Hong Kong – Jetta Company Limited acquired the assets of Ugobe and will be re-launching "PLEO" in the near future. Established in 1977, Jetta has focused on manufacturing an extended range of toy, consumer electronics, juvenile, robotic and gift products and is one of the most recognized engineering and OEM companies within the toy industry. Headquartered in Hong Kong, Jetta currently operates five production campuses in Guangdong Province which combined has over 4.5 million square feet of production floor space. At the forefront of the fast-paced toy and robotics industries, Jetta continues to strive for "excellence" and is pleased to add "Ugobe" to its operations.

Ugobe was the maker of the Pleo robotic dinosaur.  Here is a Google search about the Pleo bankruptcy if you want more details.  From what I’ve read, the rights to Pleo will be sold.  It’s possible someone will purchase and keep producing Pleo’s.  But, it’s doubtful.  They are rather expensive, and didn’t live up to the hype.  Plus, with the economy the way it is, they weren’t high on the “need to live” list.

Amazon has reduce their price.  They were around $350.  You can buy the Pleo right now for $207 with free shipping.  If you want one, now is the time to buy.  I’m guessing these will go up in price as they become scarce.