The reversal of the late-October addition of spic to substrings of prohibitted Interest searches proves that the LJ administration can act rapidly if they choose to do so. That most or all of the other prohibitions remain intact proves that they won't admit that their more general mistake of thought-poolicing Interest searches was a clear mistake.
I believe that, unless a better demonstration of good faith is made before then, on about 10 February, subscribers should use
LJMigrate or some-such to move their journals elsewhere, and that, on about 15 February, we should begin deleting our journals from LJ. This will give the LJ administration enough time to pause in their monkey-dance, and reälize that meaningless or half-way measures are inadequate, before they irrationally commit less than a full roll-back of bad policy and before any journals are actually purged.
Addendum: A few other words were also removed from the black-list, but see
the comment from neitherday below.