Yup, end of Commodore.
Under escom, it could have bounced back, They went of re-releasing the 1200 and the 4000, should have included the CD32 in that (sales were good, support had not yet died off). That said, financing wise, it was very much the wrong company to had bough Commodore. it was doomed.
Does anyone know why Gateway bought Amiga/escom? 'Cause when they did, they seem not to have any idea or clue what to do with it? That more or less ended the Amiga as a viable brand/product.