The applications are still fully functional and are working perfectly fine until Apple changes anything they heavily depend on or something replaces imap.
You own your copy of Sparrow and it still works.
Imagine you buy a BMW and in 10 years you cannot get the required fuel anymore. Does this mean you only pay for a new car when you get all plans for the engine and the whole construction or do you just buy another car? (I know that the comparison doesn't work 100%)