First, let me say that I happen to like LS. They come in handy and have a terrific community in Zeal.
However, I have to disagree with the above statement because it simply is not true.
Wisenut hasn't been updated for months. I heard it straight from Looksmart yesterday at the SES.
Additionally, they promised (Just as they had at the March SES) to start a new regular update, on a 45 day refresh schedule (back in March they were promising an imminent 30 day refresh schedule).