It would be nice if the TC devs said that the system level encryption was a no-go, and still kept a product that could maintain file/disk encryption, similar to how TC was created initially. That way, once a dev that could work on boot level encryption was found, the feature could be re-added.
In another forum (The Krebs one), there were claims by the SecurStar people about TC having licensing issues, as it also originated from a product called E4M. So, maybe the fact that there were doubts cast on the source code, the auditing, lack of funding, a lot of demands on their forums, and many other items, this might have been the straw that broke the camel's back and the people running the TC Foundation just dropped their cards on the table and moved on to other things. I was worried when I had permission issues when attempting to run TC under Windows 8 and 8.1, no updates were made to address this, so I had to run TC in a VM so I could decode existing containers, while new files went into BitLocker protected .VHD files.
What TrueCrypt brought to the table was the ability to use hidden containers. This way, truly confidential data (business accounts payable/receivable) would be on the hidden volume while decoy stuff (like false spreadsheets) would be on the outer volume. A friend of mine who travels overseas learned to do this when the government on the other side not just demanded his laptop, but demanded all passwords to all E-mail accounts and containers, and refusing to give access was a life sentence in prison. (The way they would give a life sentence was clever. Every time one refused to answer a question, they would get 3-4 years in the slammer. So the interrogator would ask them 20-30 times in a row, tacking on the years each time.)
For Windows, I use BitLocker because it is available, and very easy to deal with. However, for cross platform compatibility, I may end up moving back to Jetico's BestCrypt (a program I used before TrueCrypt was out for both containers and system encryption.) It isn't open source, but it does have hidden container protection.
Another option I might do is look at Symantec's Encryption Desktop (formerly PGP Desktop.) It works on Mac, Windows, and Linux, and offers the only public key protection on data volumes out there. This is an excellent product, but not cheap, although the source code is downloadable.