I notice that Arduino.org has a new blog entry as well:
http://arduino.org/blog/1-the-new-blog/the-full-story-1It paints a slightly different picture of "Smart Projects" than I had had. I thought that SP was a generic PCB manufacturer/assembler that happened to pick up the Arduino deal, but whose main contribution was probably a willingness to produce the boards under unusual and somewhat risky terms. ("You build these with less up-front funding than usual, and you will be THE supplier that everyone comes to. If we succeed." Or something like that.)
But the blog entry implies that SP was put together and built up solely for the purpose of building arduino products - "and now they're taking it away."
They could both be partially true; the period in question including some rough economic times, , and perhaps things did not work out as originally expected. And actual actions matter too. It certainly looks to me as though the .org group has done things that were ... not right.
The sad part is that there is probably plenty of business for both of them, if they were to pick separate subsets of "stuff", instead of battling...