CineVegas 2010 Cancelled- What the?

CineVegas Festival President Robin Greenspun and Artistic Director Trevor Groth announced today that the CineVegas Film Festival will not be held in 2010.
"Given the current economic climate and the pressures it has created, we made the difficult decision to put CineVegas on hiatus for the coming year. CineVegas has become such a well respected film festival, and rather than allow the economy to affect its level of quality we have opted to put the event on hold," said Robin Greenspun, Festival President.