It is the largest infrared telescope in orbit. It's running out of coolant (predicted by the end of March 2013) and consequently the end of its mission.
No coolant no infrared photos

And yes, you need to cool down the telescope in space to near absolute zero, because space (at 2.7 kelvin, -270 Celsius) is too warm

http://en.wikipedia.org/wiki/Herschel_Space_Observatory
http://www.space.com/20120-herschel-spa ... nding.html