Yeah that is a shame ... went there last year to see Damien Demspey ( first time I'd been in years ) and was well impressed with their real ale selection and friendly staff ... IMHO two very important qualities of a music venue !!
I've seen Nick there several times and always been impressed by the place, despite it being at the dark end of Hampshire. The attendances at those gigs however, had dwindled from almost full years ago to almost empty at the most recent one. Just another sign of the times, I suppose.
Maybe hope yet, judging by this: http://www.dailyecho.co.uk/news/10213186._No_worries__over_future_of_Talking_Heads_pub/?ref=twt