Terrible news, everyone. Atlus Games is no more. After something like a 90% loss of profits in 2009, Atlus' parent company, Index Holdings, has dissolved Atlus as an independent entity.

Quote Originally Posted by Gamasutra
The official press release indicates that the Atlus brand will continue, but in what capacity is unclear, at present. The developer has a number of projects in progress, and it is unlikely that those would be shelved in the short term.

Gamasutra contacted Atlus for comment and spoke with manager of PR and sales Aram Jabbari, who says we can look forward to an official release soon, but that Atlus cannot comment on how this may affect publishing or foreign divisions at this time.

Katsura Hashino, director on Atlus' recently announced 360/PS3 action/horror game Catherine, mentioned the change on the title's official dev blog, adding that his team "will endeavor to continue to work for a long time" and that "of course, it's not just the Persona team, it's also other teams working on titles" that will continue their work.
Source

So while it seems that everything currently in development will continue, it's uncertain what will happen in the future. It seems likely that the Shin Megami Tensei series will continue, but in what capacity is unknown. More importantly, I find it unlikely that what was formerly Atlus will continue being the champion publisher of those oddball Japanese titles that no one else has the stones to publish. In the future, will they take the same risk they did when they brought Demons Souls to the US/Canada? It seems unlikely. The Atlus that remains simply won't be the same Atlus we all know and love; I don't expect it to retain that quirky charm. It's a sad day for the bizarre, my friends.

RIP Atlus.