Very sad. I have been a Mooney fan for a long, long time. I used to own a J, and now own a C. Both are amazing aircraft. I have flown many different aircraft, and Mooney is by far my favorite.
However, I have to wonder if bigger, better, and more wow factor is the right answer. It seems to me that this always equates to a more complex and expensive product. (By the way, this is not a problem that is unique and limited to the aircraft industry.) What made Mooney successful in the first place was a very efficient and cost effective product. What has gotten them into trouble (in my humble opinion) was trying to compete with Beech Bonanzas and other luxury aircraft. What happened to controlling costs to the consumer? If I were running Mooney, I would say fine, let's have a high end product or two with the glass cockpits and big turbo engines for the buyers with wads of extra money to spend, but how about a basic stripped down J model with simple IFR panel for less than $150K new, as was the MSE back in the '90s. Wouldn't that be attractive today? The problem is the huge gap between the new aircraft prices and the used ones, and no lower cost new aircraft alternatives...and hence my ownership of a '68 C model for less money than you can argue with for the performance and capability it provides. I had top end avionics and glass in my J model. It was nice, but not something I have to have. You can have a fancy panel in a Piper Cherokee 140, and it is still a Cherokee 140 (No offense intended to the Cherokee 140 owners...I used to own one and I loved it. Cherokees are excellent airplanes.) The magic of a Mooney is not the expensive glass cockpit. The magic of a Mooney is the airframe, wing, and engine combination that provides performance like no other aircraft.
Hey Mooney: Sometimes less is more.
Or as we say down here in Texas: "You gotta dance with the one that brung ya."
Just my 2 cents.