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As someone who just cancelled his WoW account, for the 2nd time (way before BG's and then after when i saw they were useless) i can say that there are a great deal of us that were hoping that the 1.8 notes were real.

Of course they were too good to be true.

As to Blizzard dying, of course they aren't. Just from WoW alone they will be around for a long time, but the fact is the Blizzard we all know and love is no more. The Blizzard that made all these great games is already dead...actually that's not true, the Blizzard spirit is alive and kicking only it's alive at the half dozen companys that now house all of Blizzards talent.