According to Larry, Ma.gnolia is coming back:
Ma.gnolia is currently being remade as a by-invitation community bookmarking service.
As you might know, the public version of Ma.gnolia closed unexpectedly in early 2009. If you’d like to learn of what happened to Ma.gnolia the first, you can watch the Citizen Garden podcast or read about it in Todd Sieling’s and Chris Messina’s blog posts.
The new Ma.gnolia is slated to open late Summer of 2009. If you’d like to keep up with developments, you can follow Ma.gnolia on Twitter.