Ok, I'll bite...
Live365.com makes its money from banner advertisements that are shown on their play window when you listen to a stream on there, as well as on the rest of the site as your browse for streams.
In March, they decided that having the stream launched from shoutcast was costing them too much money (i.e. those folks don't see any live365 banners when they listen or browse).
Rumors are that live365.com and other yp listings like shoutcast are close to a solution to get live365.com streams listed again on their services, and satisfy their business model. This information has come from multiple sources, including statements from shoutcast, shoutclub and others.
That's the scoop,
Aural Moon http://listen.to/auralmoon