I'm of mixed mind.
On one hand, they have a lot of historical importance to the hobby and it makes me sad for that reason.
On the other hand, Meade has been rocking a reputation for staggeringly bad customer service and not good QA for like fifteen years. And when your main products are expensive, complicated electronic telescopes, that just doesn't work.
So, it's kind of disappointing they're gone, but it was almost a complete certainly I was never going to buy any new product from them ever again, barring almost total change in the company.
I only needed support once and it resulted in a new OTA. They were very nice to me. Most of my gear other than eyepieces was bought used however (it all works).
Yesterday I fixed a tracking problem with my ETX105. It involved delicate placement of the altitude motor box and the worm gear block/drive gear clearance. The structural guts of the ETX105 are cast aluminum - most of the plastic is just skin. So like all cast aluminum mounts, adjusting the worm clearance is ultra important to smooth operation. Well, the amount of adjustment required is ridiculously small, but the configuration of the 3 elements is very slack. And the elements are connected - the drive gear meshes with the worm block, and the worm block pivots in divot on the motor box. If two are OK the third may be way out. Finding the right configuration was annoying, and it took a good hour.
Well, whoever put this scope together in the factory didn't have a spare hour. So s/he got it all installed but WAY out of spec. Result, it lurched every 17 seconds. So here's a really decent design, but it is hampered by silly problems like this. There is no reason for the worm block to be so sensitive to exact placement. It should be able to ride around the drive gear along a range of chords yet still result in acceptable results. The final configuration depended on a ridiculously tiny adjustment of a set screw. How would customer service be able to diagnose something like this? The only way to deal with it is to rip it all apart and mess with it at random until it all fits together right.
Of course the optics are just amazing. The only complaint is smoothness. I'm sure boutique scopes are much smoother but they are not significantly more capable. This 4" scope produces a very bright, very well corrected image and comes in just a tiny package.
So, that's Meade. Amazing idea, mostly realized, but with enough oversights and rough edges to overwhelm tech support.
Yeah, I hope they come back strong. The scopes are fun to work on in a strange way 
-drl