Although people have already been under the impression that we pledged to keep hMod up to date, this isn't the case. Prior to this announcement, we had not stated anywhere that we would be maintaining hMod and anyone believing otherwise was mistaken. However, we do recognise the predicament we've put server admins in as hey0 has announced that hMod is essentially no more, and Bukkit is not ready for public consumption yet.

As such, some of us - if not the entire team - will be trying to update hMod so that you guys aren't left in the dark without a server mod to use. We never intended to shut everyone out with our early announcement - we were just looking to drum up support from plugin authors so that we had things ready. We can honestly say that we did not anticipate the project blowing up with this much activity and interest this quickly, like it did.

[Source: http://forums.bukkit.org/threads/the-bukkit-team-will-try-and-update-hmod.433/]