GarageGames announced that Torque 3D is going to a free, open-source license. Other engines will remain with their current licenses for the time being.
I have mixed feelings about it, mainly because I spent so much money on the engine that could've been used for other assets/developers. Still, I try to keep an optimistic attitude and look to the future.
If you have any interest in developing 3D games, this is a good time to start. A free, decent-quality engine to experiment with is a great thing to have.