Tim Armstrong is one hell of a leader. He is giving people a day and a half or so's worth of notice before their sites and their livelihood go belly up. A real leader would have dropped that axe at five o'clock on Friday, giving everyone a chance to see happy hour shut down when they stagger into the bar.
The idea of Patch didn't fail; having American Online, for fuck's sake, run it was what failed.
How is it we have all but seen the total end of Blockbuster Video but there is still an America Online? How much blood money can you suck from the forgotten credit cards of old people who think they need to pay for the Internets?