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

So, yahoo is redesigning mybloglog.

But why should they think of redesigning mybloglog.com.

With the existing design itself, mybloglog.com is the most popular bloggers community. Personally, I owe so much to them for providing terrific opportunities to interact with bloggers, exchange links and so on.

I read in a blog of a mybloglog member about this news of bringing some changes and I wish to quote here a sentence from that blog post.
"They will also be looking for a way to easily turn off presence so that users can hide the fact that they visited a certain site."

I thought this is main reason for bloggers to exchange visits; why should they change it?

Read the full news here:Tech Crunch

Oh well, they(yahoo) are the masters after all.