I'm still reading the
news post, and am not at all sure what I think about it, but thought that some people might find this important:
Will my personal information remain in the USA?
Yes. LiveJournal, Inc. is an American company based in California and is subject to the laws of the state of California, USA. All relevant state and federal regulations will apply.
http://community.livejournal.com/lj_2008/1343.html