is noobstown going to be 1.8 now, or will it just be bug fixes because of merge. ?

Either I don't quite understand the situation, or you're slightly misinformed perhaps?
To my understanding CraftBukkit is under DMCA, not the Bukkit API, which is still being distributed (but it seems nothing real is being done about it, AS IF Mojang is going to actually continue support for it, let alone Microsoft).

Additionally, Noobstown runs on Spigot, not CraftBukkit, though Spigot is a modification of CraftBukkit and also received a DMCA, Spigot is releasing binary patches that are outside of the DMCA problem.

Either way, Bukkit is (as we learned) owned by Mojang ; and now owned by Microsoft, who doesn't want multiplayer servers (in my opinion, I mean, their EULA issue and introducing Realms themselves), and lots of Bukkit staff when they learned about EULA/DMCA/Mojang (already owning them for 2 years under 'shut up about it' clause), Microsoft situation, they have stepped down.

And Spigot as well, both, do not show any sign of 1.8 being here any time soon. My personal prediction is that NT and many others will in 2015 switch to something like Sponge or alike, or what we have here, is what we have for a while to come, with some patches here and there.

I wouldn't blame you for closing shop before it's becoming to costly to just run something - but there's no reason for that just yet. We're still at the waiting game to find out what will happen with all this nonsense.