Frightened
In case you haven't heard yet - stolen from Kanga3033
In case you didn't see valleywag.gawker.com/5124184/the-russian-bear-slashes-a-social-network
yet.. looks like LJ is being mothballed..
http://brown-betty.livejournal.com/284083.html - one guide for backing up your LJ.
Good luck! Please keep in touch if LJ crashes completely and let me know where your new journal or blog crops up..