Although it has changed in the code some month ago only now has the site come to reflect that panda3d is not longer under some obscure (but equally free license) now its under BSD which every one came to KNOW and LOVE!
Long live panda3d project!
exellent !!!
Yay! It finally got updated! 
With the updated Panda3D License, can I use it for commercial projects without releasing the game source code. I am not updating Panda3D source code.
Yes. This has always been true of the Panda3D license, both the original and the updated.
David
Thank you David