The end of the New Piccadilly Cafe seem to be nigh now. Nigh means 22nd or 23rd of September 2007.
All I can say is: go visit it if you haven’t done so.
I can’t imagine any other place in London where I would go when having a writers block, feeling depressed, wanting to read or just to drink a coke with a pink straw. News like this makes me hate London.