It's sad news, as they specifically said Driveclub content, so no new games, at least for the time being...
The AAA model has been struggling, while other companies are making tons of money with much less development effort, so making a new platform each time with sequels seems like to big and risky of an investment.
On the bright side, well get more content for not so much money, if the season pass price gets to be the standard. It's the first season pass I bought, and it's worth every penny, and it's only halfway through!
Driveclub offers a great platform, which seems very optimized. All that's happening on the screen without a hitch to the framerate is something to be admired. Lots of stuff can be done with it, and I believe it can be expanded beyond what DC currently offers (think Blood Dragon for Farcry 3), so we may even get a "Motorstorm" kind of DLC. I'd buy that in a second.
Anyway, best of luck for all the Evolutions studios employees, I hope they can get a new job soon