Some are reporting that the ex-Honda team has been saved, others are saying that they are close to being saved. After all the speculation, looks like Brawn and Fry will take the company, with severance money from Honda, some money from Ecclestone (who reportedly needs 20 cars on the grid or be forced to lower his fees at many of the circuits), other sponsors and an engine deal with McLaren/Mercedes.
http://f1.gpupdate.net/en/news/2009/...k-on-the-grid/