It's a shame :( I was regretting that going down as I've had an account there for 3 to 4 years with lots of gigabytes uploaded and downloaded. A lot of torrents use the Demonoid tracker so naturally the torrent world is in a bit of a turmoil at the moment - especially with Oink a couple of weeks ago as well.
The man who comes back through the Door in the Wall will never be quite the same as the man who went out.
Like I said torrents really aint worth it, shit RapidShare does it for me ;). No way to get caught, well theres ways, but you know what I mean :P. Its not monitored, they collect money and ban people who snitches tell on -.-(lil nuubs). Can't trust to many people now a days.
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Demonoid was nice because of it's large user base, however I prefer to stick to the more private trackers (yes demonoid was private, but really easy to get in to). More private trackers have overall better quality and faster releases IMO.