Subject: I'd been meaning to get around to posting exactly this...
Author:
Posted on: 2014-05-08 19:09:00 UTC
Obviously, the Mysterious Somebody retroactively never existed and PPC history has fallen apart! Oh no!
Honestly, it doesn't seem to be a much different status than the EU already enjoyed; Lucas was already vocal about considering the movies the only "real" canon for example, and as much as he was happy to support the EU he's said on multiple occasions that he never even reads it. The announcement says that while the EU's status is being changed, it's not being dismissed, and it's open for the "new" canon to explore as much as they want, with most of the famous stuff running under the Legends banner.
From the perspective of the PPC, the post-ROTJ EU - which seems to mostly be the only stuff affected so far - at worst seems like it'll have turned into a subcanon or alternate universe, which can still be travelled into and stuff. Maybe we'll suddenly have to start charging for old EU stuff being treated as canon, once the new canon exists to contradict it? But it's hardly Armageddon.