What a shame to let these properties go. It has happened many times before with the demise of other services that used to drive good traffic.
The landscape has changed so much that perhaps this is inevitable. I don't believe it's quite that bad when the property as big as the name hotbot had traffic.
Surely, it would be better to put the thing up for sale than to let it crumble.
What they have now - Inktomi + overture - is an improvement. At least it is a clean search engine.
I can't imagine why anyone would want to use Ask Jeeves - I hate the thing - but obviously some people think that it is a great engine.