Dire Bare
Legend
How much did WotC sink into outsourcing the DDI and Gleemax?
I apologize for cross-examining you, but in a sea of speculation, you seem to be one of a very few people with any concrete knowledge about the situation.
Not bashing Shemeska, but he's simply speculating like the rest of us. But with more confidence!

Facts:
1) There were a variety of factors that led to the cancellation of Gleemax and then the delay with the Virtual Game Table. Anyone who proudly points at one factor as proof of the demise of the VTT is, well, speculating at best . . .
2) WotC has never announced that the VTT is dead, just that it has become a lower priority to other digital offerings. It's a reasonable assumption that there is no current work being done on a VTT, but we don't really know. It's also a reasonable opinion that the VTT is totally dead in the water, but again we don't know.
3) If we ever do get a VTT from WotC, we won't hear about it until they need beta testers, and even then we might not as they may select beta testers confidentially and sign them up on NDAs. WotC was burned by promising the moon and then not delivering it at 4e launch, and they have learned their lesson in that department.
4) At best, we might get some news at GenCon in August. But I wouldn't hold your breath . . . .