I'm shocked to find the loss of wibbles. Is it really gone?

Yes.

I think it was turned into a hall of shame(trash bin)
that no one can post in minus the staff

No.
The "Hall of Shame" was placed below the "Wibbles" board link in the "Elerk" category.

sadly.

hanzo's three letter answer and punctuation just crushed all my dreams in life.

Because you aren't allowed to troll and make random threads to get post counts?

Posting in wibbles didn't raise your post count.

Wibbles was epically funny in the right hands... that is why I am with sadness.

Wibbles Is gone Has been gone (for a while now) and will never come back ever.

If you want a reason besides it was a pointless spam pit, I believe I read somewhere that it that it was to expensive to keep (server wise).