"Some rather large percentage of the technical people at LJ have been laid off. Ops is reportedly still around, so maybe database problems and so on will still get fixed, but you gotta be concerned."
bryant also includes a few ideas on how to back up your LJ.rmd posted a link to http://valleywag.gawker.com/5124184/the-russian-bear-slashes-a-social-network, which includes some background on the company. 