That’s the big news. Flickr has long been squandered by Yahoo and essentially left to die. It used to be the premier photo sharing service in the 90s. Everyone wanted to have a Flickr account and it was a big deal if you paid for the ‘Pro’ features. Yahoo bought them and just cut the rug out from them. They got rid of the owners and then the talent left and start working for competitors basically creating what Flickr should have been.
Enter Smugmug. Another service that values photographers. Wait and see what exactly will come of this.