They probably couldn't get Meltemi working correctly on low-cost hardware it was intended for. At least not in time. Not very surprising considering so much talent has already left, and big changes within Nokia and required development speed.

I wonder what Qt will be doing now. If no new Nokia device will be using it, that makes Qt totally redundant for Nokia. Funding from Nokia will dry-up etc.
Will there even be an updated QtSDK? Will Nokia sell Qt, or will it be killed by firing all the workers?
At the Blackberry Playbook OS 2.0 presentation it was said that they would support Qt for the OS. Maybe RIM is buying it?