All of the subscriptions that are listed under the TechNet Consumer Service Pilot have been taken offline and placed “under examination”. Any subscriptions created by legitimate ITAC members with valid contact information will continue to have a valid subscription. For those who are not a member of ITAC and signed up directly with the web address will have their subscriptions revoked 
Yesterday instructions were posted on the Internet how to obtain a free Microsoft TechNet subscription. Now it is clear that the trial subscription was for a select few.
Basically an email was sent out inviting selected IT Professionals to try out a TechNet subscription at no cost, all the recipients had to do was fill out a survey and then they were passed onto the TechNet subscription page which, the link had been posted on public forums and it just spread round like wild fire.
With the accounts being revoked yesterday there are many questions about what is going to happen with the keys people have generated. Thanks to Kristan Kenney who contacted Microsoft TechNet Customer Service and spoke to a manager: The Microsoft TechNet Consumer Service Pilot program was intended for use only by those invited through the ITAC program, in which you had to fill out a survey and be accepted as a member of ITAC before being sent an invitation to the TechNet Pilot program.
any claimed product keys will be placed on a blacklist with Microsoft Genuine Advantage and Product Activation to prevent against software piracy.He also asked specifically what would happen if anyone who signed up decided to sell or share the product keys that were claimed through the TechNet subscription, and got a pretty straight-forward answer:
Hopefully we will have a public official statement in the next few days from Microsoft. For people with keys I would advise them not to use them as they will probably get blacklisted in the near future.We are able to see what product keys have been assigned to a subscriber, so in that situation we can track down which subscriber the product key originated from.
From Kristan Kenney's blog:
UPDATE (06/04/2009 7:50 PM EST): I have been in touch with Microsoft TechNet Customer Service once again and was provided some updated information. At this point, management are still deciding whether or not any of the product keys claimed through these subscriptions will be blacklisted, as well as any legal implications and ramifications there may be in this event; the rest of the above information has not changed (this offer was only for ITAC, and that the subscriptions have been revoked).
When I asked them what would happen if someone were to share or otherwise sell the product keys obtained, the agent informed me that it would be handled appropriately as they would with any other product key leak.
UPDATE 2 (06/05/2009 2:50 AM EST): Users in the United Kingdom and Australia appear to be able to access their benefits once again and their subscriptions have been reinstated. Perhaps this is due to different laws in those countries?
UPDATE 3 (06/05/2009 2:59 AM EST): I have been informed by Bryant that some accounts in the United States are being reinstated as well, however it seems that accounts that requested several product keys are being investigated. I will get in touch with Microsoft TechNet when their contact centre opens for business this morning to find out if there is any new information.
UPDATE 4 (06/05/2009 3:34 AM EST): Bryant has reported that access for United States subscriptions is intermittent. I can also confirm that there has been no sign of reinstatement for accounts created in Canada. Again, as I hear more information I will pass it along to you.
UPDATE 5 (06/05/2009, 9:54 AM EST): I have spoken with Microsoft TechNet Customer Service and there is no new information at this point in time, however the agent said there may be a solid answer by tonight, so I’ll try calling again at that time. It would appear that subscriptions in the UK have completely dissapeared for most people again.
UPDATE 6 (06/05/2009, 7:33 PM EST): After speaking with a customer service representative at Microsoft TechNet, they have reaffirmed what we already know. First off, they still do not have an ETA on when an official statement will be released regarding this issue. Legitimate ITAC members will be getting their subscriptions re-enabled at some point in the near future, however anyone who signed up through a direct link and was not a part of ITAC will not be getting their subscriptions reinstated. Also, any product keys claimed by illigitimate subscriptions are reportedly going to be blacklisted, however this has not been finalized by management.
UPDATE (06/08/2009 8:49 AM EST): I have spoken with Microsoft TechNet Customer Service and as it stands there is no new information at this time, the situation remains the same as when I last spoke with them. There is still no ETA on any sort of public announcement regarding the situation.