I thought this through a couple of days ago and thought it was worth adding.
I think the reaction to all the changes shows the strength of community which is, on the whole, still here. I don't have an issue with the partnership really at all, nor the need to move to a new site, nor the extensive bugs which will get fixed.
The only thing that I think has affected me is the pretty much complete rebranding. People have bought into the Blipfoto brand with the site but also with memorabilia. To take that away with no warning has caused a tsunami of outrage. It devalued the worth of Blipfoto in people's hearts in one fell swoop. I think communication is key here (which is improving) but also key is dropping back in some of the things that are cemented in people's hearts along with things that really made Blipfoto stand out from the crowd. The grey background, which you must all hate hearing about would quieten so much bad feeling, make viewing photos more pleasant and bring back a link to the brand that you built so brilliantly. It's a small thing but huge in its impact and I understand nothing to do with Polaroid so ultimately, very possible.
I agree the partnership will not and should not affect the community. Even if it were a takeover, there is no reason for this to happen. For me, it still comes down to the brand and how that has been not just diluted but actually dissolved. I do think that is possible resurrect.