APC: The 2.6 series kernel has been around for a long time. Why?
So we'll probably stay with that model unless something really radical happens, and that means that we'll keep with the "2.6.x" codebase, and just incrementally improve on it.
LT: We really don't expect to need to go to a 3.0.x version at all: we've been very good at introducing even pretty big new features without impacting the code-base in a disruptive manner, and without breaking any old functionality.
So no, I'm not planning on ever stopping working on it, but maybe some day somebody better simply comes along, and I certainly hope I'll just have the good grace to realize when I'm simply not needed any more and not adding anything to it.