The ongoing Apple - Think Secret legal wrangle is over, with the end result bringing about the demise of the notorious and sometimes uncannily accurate Think Secret rumor site perenially engaged in a running gun battle with the secretive Apple.

This agreement ends a two-year legal action by Apple to try to flush out Think Secret’s source of a leaked story about a Firewire-based input device for musical instruments that was never actually made. The confidential settlement resulted in Apple dropping the lawsuit and not pursuing the identity of the source, in exchange for the shutting down of the site.

Nick Ciarelli, publisher of Think Secret, said of the decision

I’m pleased to have reached this amicable settlement, and will now be able to move forward with my college studies and broader journalistic pursuits.”

Ciarelli also told Engadget

I’ll just say that I’m very satisfied with the settlement, and that I’d like to thank the Electronic Frontier Foundation and my attorney, Terry Gross of Gross & Belsky, for their support.”

That’s how the beachball bounces.