Can't say as this is really surprising. Making games is hard and LucasArts really hasn't had a home run in some time. They did create some fantastic games of the retro era in Full Throttle, Day of the Tentacle, Tie Fighter and a ton more.
LucasArts was working on Star...
I remember playing X-wing in college, and thinking it was the most amazing game ever made. Some of the earlier adventure games I don't remember too well. Armed and Dangerous was quite fun!
It sad when these founding studios disappear. Sad to think that a lot of the history of those games and their assets will go with them.
Yeah, some games are still on Steam but yeah the original art and game code? I don't know. Preservation of culture is important to me too, sort of what the Library of Congress is supposed to do but since the Internet it makes the job so very hard. Thats why I think Copyright restrictions should be lessened, for the public good and preservation of culture. I don't think the government can do it as well as they once did when people were creating a metric crap-ton less than they do now.