Read all about it here.

As for my thoughts, I'll just copy and paste my response on ANN's forums verbatim;

I just read about this a few hours ago.

Someone thought it was the creator of the Layton series, but Akihiro Hino, CEO of Level-5, is still alive and well.

This still sucks, though.

Farewell, Puzzle Master. May you be racking the brains of angels.

I'm gonna be King of the Cartoonists!