It looks that way. The article was just posted up here on Anime Alberta at the end of April.
This was an event held in Lethbridge, Alberta. I had never been able to make it out there myself, but I heard that many people did attend from all over Alberta.
It started in 2004 but the last event was held in 2008. 2009 there were problems and a venue was unable to be obtained. There had been more problems this year from the sounds of it too and so in 2010 it's been given up.
However if you read through the Anime Alberta article you will notice that if you are interested in running or taking over the event yourself there is someone you can contact and they will give you the information on doing that.
So as far as I see it, Nishikaze is gone for now but who knows maybe someone else will start it up. Maybe in a few years someone else will come along and want to try it out and it'll be called something different. No one knows what the future holds. Just... don't hold your breathe over it.
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