You could see this coming when they gave everyone 7 days to back up their archives before they would be deleted. I'm sure most of their employable employees jumped ship since then.
Why would they jump ship? Twitch.tv has been booming for the past couple years. If anything, they were just already moved to the twitch team.
This has little to do with the viability of the company/site and more to do with getting rid of what is basically a generalized, predecessor version of their already highly successful specialized streaming site.
