I drove past around 6:30 pm Sunday, and Trapeze was completely dark. It looks closed. The parking lot that Trapeze shares with im Wine is often full, and it held just a handful of cars. I also heard from someone who had been told that Trapeze was closing. (Update: Now it has been confirmed in print.) Really, a bummer. I don't want anyone to lose their business or their job, and Trapeze has been a nice local joint and a distinctive place for Howard County. (Plus, I still have a gift card!)
Things are definitely tighter for restaurants. Oz Chophouse across the street from Trapeze has stopped serving lunch and now does dinner only. But there is a new pizza/pasta place in Maple Lawn called Pasta Fresca (more later) and a Japanese steakhouse called Ginza of Tokyo is coming on Johns Hopkins Road a few miles away.
(Update in December 2008: Trapeze may be replaced by a pub called Looney's.)