It looks like the long winded LimeWire saga is coming to a close with the shuttering of its online store. According to All Things D, notices posted on its website now tell the story of its closure by December 31, 2010.

The company is also closing its online music store at the end of the year. And I’m told that it has essentially abandoned efforts to launch a new, legal music service that it had spent much of the past year building.

A sign on the Web retailer’s home page tells customers that it’s no longer accepting new payments, and the company has told vendors via e-mail that the store will shutter on Dec. 31.

LimeWire happened to be one of the first P2P file-sharing services taken in the music industries anti-piracy net and was shut down this October following a Federal court ruling. The event certainly appeared to spell certain disaster for the file-sharing company—although only recently they still clung to hope—sadly, it looks like it’s led to their final demise.

There are still many file-sharing alternatives out there, especially amid the distributed and cloud-oriented torrent concepts; but it looks as if it’s truly lights out for LimeWire.

Chances are good, the company is flensing away its assets before the determination of damages in January. By hollowing out their corporation there won’t be much left for their music industry pursuers to take—well, except perhaps what they’ve taken already.