Broken by Kevin Dent on twitter. (Game industry finance dude.)
He claims that THQ is probably pretty much broke based on their current actions. They have quietly cancelled any projects from 2014 or beyond, including their Warhammer 40k MMO being made by the Darksiders guys. They have returned the Disney IP they just recently paid for, forfeiting the advance they paid. The assumption is they plan on trying to get purchased by another company.
What happens to Relic, Volition, Vigil, Crytek's Homefront 2, or the recent creation of THQ Montreal that includes all those head honchos they poached from the Assassin's Creed team is all up in the air right now. Interesting times for the start of 2012.