You read that correctly. The current 2011-2012 SU catalog will be over, done, kaput, gone effective 5/31/12.
A couple of important changes to the 2011-2012 Stampin' Up! Idea Book & Catalog to make you aware of:
The end date of the 2011-2012 Stampin' Up! Idea Book & Catalog has been moved up a month to May 31, 2012.
The Simply Adorned line will be discontinued.
The Decor Elements line will be discontinued.
The new 2012-2013 Stampin' Up! Catalog will start June 1, 2012. That means the Last Chance Stamp Set List should be available by May 1, 2012.
The date of the Last Chance List has not been released, but Stampin' Up! has always provided ample time to purchase any retiring stamp sets before they are gone for good.