Are we going to lose mybloglog.com?

I am shocked to read a news (not yet confirmed) that Yahoo! is contemplating to close Mybloglog.com soon.

Mybloglog.com has given me more friends than any other bloggers network. I can only think of Blogcatalog.com as its nearest competitor in terms of giving traffic to my blog.

I will be very sad to see mybloglog.com to disappear from the Internet. Over the years, it gave me thousands of visitors and I have about 300 friends in it. I don't know how I a going to keep in touch with if Yahoo! ends it marriage with mybloglog.com

Oh, can someone keep it entangled in the web?

Source:fillsout.blogspot.com/2010/03/yahoo-will-close-mybloglog-in-2010-new.html

My Bloglog changed log in details.

For quite sometime, I was not receiving any email messages from mybloglog.com
Due to other commitments, I also did not log in to it.

Yesterday, I had some free time and opened it but I was surprised to find out that I was asked to log into my yahoo account.

Since yahoo has taken over mybloglog.com, everybody was asked to log in via their yahoo account.
But my existing profile was intact and so were my contacts too.

But, I did not notice any other changes in it like blogcatalog.com

This is for your information.