Nature has recently published in mid-December 2011 a correspondence by Peter Dederichs, Psi-k Research Networking Programme and Jülich Research Centre, Germany, voicing the concern of the science community of seeing one "of the most successful activities of the venerated European Science Foundation" disappear.
Read the correspondence here:
http://www.nature.com/nature/journal/v480/n7377/full/480321b.html