Torque pretty much started my development career, so this is great news to me. Its suffered a bit over the years, especially after InstantAction folded. Even so there is a sizeable group of indies who use it. I myself have been involved with in quite a few Torque projects, and even contributed to the core engine in the early years.

It's not perfect, but AFAIK its the only MIT licensed engine which is feature-complete out of the box. I think opening the code is a great step forward and provided GarageGames handle it right we could see some great improvements in the engine from contributors.