If you’re a fan of the Simplify Media apps for your iPhone or iPod touch, you might want to sit down -- we have some not so good news for you.

Simplify Media was an early hit in the App Store, allowing users to stream their iTunes music library from their computer to their iPhone or iPod touch over Wi-Fi, 3G or even EDGE connectIon, absolutely free. Nearly a year ago, the company followed up with a paid 2.0 version that added a host of new features such as search, favorites, playlists and seek.

But sadly, the party is over, according to MacRumors -- at least for new users. The company announced on their website several days ago that they are going in a new direction and “will no longer be offering the current software to new users.”

“Today we are removing the Simplify iPhone applications from the App Store,” their blog reads, “and new account creation will be disabled shortly after that. However, existing Simplify accounts and clients will continue to work fine.”

Simplify notes that they’ll continue to operate the existing service “for at least the next three months,” but doesn’t elaborate on their future plans. However, they do allude to some hope that they’ll be “able to announce the re-launch of the technology soon.” Existing Simplify account holders will continue to be supported via e-mail and web documentation for the time being.

It’s always sad to see a popular app like Simplify Media vanish, and here’s hoping it will return in some form again soon.

(Image courtesy of MacRumors)