I guess you got the correct meaning !
It’s a quick heads up !, Nokia closes it’s contacts storing facility from 24th of January 2011 .
You will no longer be able to view your contacts on the web after January 24, 2012. Contacts will continue to work great on your Nokia phone. Syncing or backup will continue to work normally and your data will not be affected. You can also export your synced contacts to your personal computer at any time, even after web access is discontinued.”
Nokia sent notification emails regarding this today . Just follow this link to learn more and do the needful !