Today it was announced quietly that milw0rm is closing its doors to submissions. The header of the site was changed from the Milw0rm logo to a brief message from str0ke:

Well, this is my goodbye header for milw0rm. I wish I had the time I did in the past to post exploits, I just don't :(. For the past 3 months I have actually done a pretty crappy job of getting peoples work out fast enough to be proud of, 0 to 72 hours (taking off weekends) isn't fair to the authors on this site. I appreciate and thank everyone for their support in the past.
Be safe, /str0ke

I am sure I am not the only one who feels that milw0rm will be sorely missed. Best of luck to you, str0ke, in all your future endeavors.

Softpedia has a nice little writeup, complete with a bit of history, here.