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Sega has decided to shut down the Phantasy Star Universe servers in September in order to provide more support for the upcoming Phantasy Star Online 2. I'm sure most of us don't give a rat's ass, and while it wasn't a very good game, it's always sad to see a company pull the plug. 
Official announcement on the Sega forums: http://forums.sega.com/showthread.php?414770-Important-Notice-for-all-PSU-XB360-Players
Official announcement on the Sega forums: http://forums.sega.com/showthread.php?414770-Important-Notice-for-all-PSU-XB360-Players