Update : Russell Beattie echoes my sentiments as well.
Update : It’s official! : Excerpt: "We want to assure you that the Bloglines service will continue to grow and thrive. Like other companies in the Ask Jeeves portfolio, we will operate as a standalone, separate service — the Bloglines name will remain, as will our URL, www.bloglines.com. We will support our current features and services, so please continue to log in to Bloglines to search, subscribe, publish and share RSS news feeds and blogs. All users will continue to be governed by the Terms of Service you agreed to when you registered for Bloglines."