The reason they ended support was because XP went out of support and Vista+ offers integrated encryption. The reason they're saying it's insecure is because some time in the future a vulnerability may be discovered, and if so, it would not be patched. Until that vulnerability is discovered, it's just as secure as it was 3 years ago when 7.1a was released.
Yes suicidaleggroll. That's what I read in news sites when truecrypt was shutdown and follow on news.