Sadly this is true, but I'm pretty sure that only the worst selling lines of the Technics 1200/1210 brand have been discontinued (i think the mk6 and a couple of others), if you want to get a turntable of similar specifications and design, IMO the Stanton ST range is the best option, afaik there are two choices in the range, the STR8150 and the ST 150, the only difference that i know of is that the ST 150 has an 'S' shaped tone arm, I use the ST 150's quite regularly and i can't really find a fault in them.
This. I used to have st150's
However I didn't think the headshell connection was anywhere near as good as my technics. Felt a bit rough and sometimes had to tightened / readjusted to get a good connection.