I was kind of surprised at first but after thinking about it for a bit it makes sense. FreakAngels isn't a webcomic like we think of our webcomics. It's a project... and an experimental one at that, done by Avatar Press and one of the best known writers in comics (not to mention his amazing art team). So it makes sense that it would end in a much shorter time, at the height of its popularity. Well maybe sense isn't exactly the right word. I guess it seems reasonable is the best way I can put it; since all of the people involved have a rather steady flow of other fish to fry.
The last chapter lead me to believe there was a LOT more to come though. And I wasn't even really thinking about "The End" of the series.
There seems like so much story left to tell. It will be really amazing to see if Ellis can create a satisfying conclusion in a short time with so many narrative possibilities available.
I'll be sorry to see it go.