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Full Metal Alchemist is now licensed by FUNimation. So yeah, they won't be available legally for much longer.
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No fansubs are actually legal, respective of the producers that make the originals (whether there are written laws is unclear), but yes FMA wont be available so easily by those groups that respect American licensors.
Yet, this isn't going to stop other groups from subbing it, given the series large popularity. GunGrave was continued by AnimeOne long after it was licensed, InuYasha has been going almost 2 years after licensed, and the new Tenjou Tenge is another example.
Anyhow, its a shame Funimation, and not a better dubber like Pioneer (who did Cowboy Bebop) got hold of FMA. :\