We reported about Tight Systems the first time in 2003 when they announced a portable media player called TAZ I. This PVP was quite hyped back then and lots of early adopters where looking forward to it.
Then end of 2004 we reported that the company does not have the funds to bring the TAZ I to the market and that it started to sell other PVPs like the Mobinote DVX-POD 7010 to keep afloat.
Now apparently Tight Systems is getting sued by Macromedia for $250,000 about royalty fees for user interface software Tight Systems supposedly never used - and of course the TAZ I never made it to the market. Tight Systems obviously does not have the money. Tight Systems CEO has posted a lengthy report on the situation on the company's discussion forum.
I did software licenses deals for start-ups in my former life and royalty payments are tricky and can be very dangerous for cash strapped start-ups, when the product is delayed or not selling -> Game Over.