The rumor mill has been flying since last night, but
Here's the latest official word from LJ, finally in English though still with a Russian page title. Scrapbook, the photo storage feature, will be "upgraded" to Scrapbook II. You have to migrate your images yourself, and custom security levels are gone; everything is either public or private just to you. Not a single improvement is mentioned. They're just tossing their old software and moving to new, less impressive software while calling this an "upgrade."
The mechanism for migrating is to comment with a "+" on an entry on their post. Seriously!
There have been claims that the amount of storage will be greatly decreased in this "upgrade," though the post I've linked to doesn't say this.
As you may have noticed, I use Scrapbook heavily. It's the only place on the Internet where I have a significant number of photographs, so this feels like a personal kick in the teeth.
This snafu will doubtless rival LJ's (since reversed) decision to provide a mechanism to make private LJ comments public on Facebook. It could be the definitive step in LiveJournal's slow suicide.
Update: I've posted to
Files That Last about this, since it's a digital preservation issue. If you want to provide a link to something I've written, I'd prefer that you link there rather than to this post.