Details at this location. The original post where they announce it (which is at lj_biz, rather than news) is over here.
Nope, they still aren't going to be getting my money. End of this paid account, they lose out. No further renewals unless their service improves massively. The way things are going, they could be giving away monogrammed gold fully-equipped Ferraris with each account renewal, and I'd still be dubious about it.