LJ has been purchased by SUP, who are the same entity that's been operating a Russian version of LJ. The NY Times reports on the purchase, and at this point, I'm just most interested in the "community" members who will become a part of LJ's "Advisory Board" "via an open online election process."

The Times an article on fanclubs where they noted:
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They admit they screwed up and are looking into reinstatement and have announced an appeals process.

More as it transpires - as of 8 am eastern time, pornish_pixies hadn't been restored but they've said that things will be within the next 7 hours or so, and if they're not, an appeal still can be made.