[c][/c] This is probably old news at this point considering it was announced the other day but for those not aware, the anime Fairy Tail will be ending it's on-air run as of March 30th. The manga will probably continue far beyond the animated counterparts run, as that tends to be the case with many productions. There may be word on future OVA's or other movie plans so always keep an eye on the net. - - - - Source: 0Taku Livedoor / Anime News Network
...Whut? Why are they ending Fairy Tail? I understood why when Bleach was ended since it just got worse, but I think FT is a its peak right now and won't end for quite a while. The arc isn't even over yet in the manga! Maybe they'll make it into a movie later or something, I dunno. Idiots. It's one of the 2 animés I actually follow weekly, along with One Piece >.< Luckily it's not one of my favourites, but the animé looks great with all its colours and it explains the plot for those confused by the manga. I'm a bit sad, but I'll get over it quickly :P
No idea, could have been a budget thing like some other productions. Although it's been said that there is something special they have planned once the series ends so I guess we'll have to wait and see what will happen.