Psyringe
Scout
so if im correct that means they dont own anything about SMAC anymore?
No - EA still owns the intellectual property. They also still own the trademark "Alpha Centauri". They just canceled the registration of that trademark, which makes it harder (though not impossible) to stop people from using the trademark themselves. Nevertheless, they could still sue anyone who infringes on their intellectual property, and will certainly do so if someone does that on a commercial basis.
I recommend browsing the wikipedia pages on trademarks, copyright, and their differences, perhaps add in "intellectual property" as well. Unfortunately the situation is pretty complex and it's easy to misunderstand things one hasn't understood the terminology. (It gets even more complex when patents are added to the mix, but they shouldn't be relevant for this discussion.)
So, in short, EA hasn't released SMAC into freedom - but it loosened its grip on the franchise a little bit. The amount of loosening is too insignifant to have any practical impact, but it's nevertheless interesting that they canceled the registration of one of their trademarks. This either means that they couldn't swear that the trademark is still in commercial use (they would have been required to do that during the past 6 months since the registration had met its expiration date), or that they deemed the trademark too insignificant for paying the fees to extend the registration. (Note: As far as i can tell - I'm no expert - the term "canceled" is a bit misleading here, I don't see an EA document that actually cancels the registration. It simply met its 10-year expiration date and EA didn't apply for an extension - they had 6 months time for such an application, and the time was up by the end of September.)