Mostly BS. I'd say the entire post was BS, but that's just me.
Oh, and to answer questions, no, I will not be moving from LJ anytime soon. I will stay only as long as they honor what was initially offered to the permanent account holders.
But I do intend to have a backup plan if I do need to move.
Speaking of which, I also need a way to backup my information on facebook. Ideally, I'd like to keep a copy of all photos tagged with me, all photos I've uploaded, names and contact information for all of my friends. Anyone happen to know where to start?