Well, as usual in such cases, it's "wait and see" time. But really,
I think the harm done by such acquisitions can be exaggerated.
And the people behind LWN strike me as more aware of such issues
than the /. guys.
We should expect this to become the norm, anyway. Most sites set up
in, say '98/'99, as Linux became mainstream news, were set up with
the intention of being commercial (with the ironic exception of /.):
in today's commercial world, this means being acquired at some point,
especially if you're more interested in running a website about Linux
than running a business. Some people have been luckier than others;
I suppose for every /. or LWN there's ten boring little sites with
a few hopefuls sitting watching the weblogs and waiting.
I think kuro5hin is different. Part of the attraction, after all,
is that it's not a business, that it's fairly small, that it's rather
informal. Viable business models and good weblogs don't seem to mix.