But no, this will most likely not mean the end of twinkies.  As this article in the Wall Street Journal points out, the company will go through liquidation where many of its assets (including patents and trademarks) will likely be bought by someone.  If there is demand for twinkies, someone will provide them.

What they probably WON’T do; however, is used unionized labor.  In this case, union leaders have proved once again that they care more about making political statements than they do about the welfare of their members.  They would rather see their members with no jobs at all than with jobs that don’t pay well enough, according to them.

Personally, I’m not a big fan of twinkies.  I do love me some donettes though.  Fuck unions.