LJ go bye bye?

For those who haven't heard, LJ laid off half its US staff:

http://valleywag.gawker.com/5124184/the-russian-bear-slashes-a-social-network

So there are rumors of it going away. I saw a bunch of people talking about other journals, but no one explained why. I've had this thing for 7.5 years now. I dunno where I'll go if it goes away. All the other journals people are signing up for will probably explode if a flood of LJ users tries to take over.