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Call me pessimistic but I dont get the feeling sun purchased MySQL for $1,000,000,000 to continue giving it away for free. I just made backups of the current distribution.
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I was curious about this myself but even if all the current developers decided to take away the GPL licence the current version would still be available. Plus Sun have a pretty good reputation with open source software, especially after releasing the source to the java compiler.
I know what you mean though. I'm guessing they will really have to push the support contract side, that and it may lead to more server sales.