I read @blocktrades post and sifted through the comments. I think good things will come out of the hardfork.

• they are in discussion with multiple exchanges to have the new coin
  listed.
• They will not make the hardfork until this is secured because there are
  people who are dependent upon Steem for an income.
• Yes, everyone will receive an airdrop.
• This plan has been worked out while Sun has being playing Witness Wars.
• Sun wants to dump his bag of coins he purchased from Ned, which will put
  Steen to zero.
• The hardfork will eliminate the stake that Sun has, creating a chain
  owned solely by the community.
• Aparently a number of the old developers are onboard and many new ones
  have joined. They have good things planned for the new network.
• All existing apps will work on the new chain.
• The new chain and coin will be called Hive.