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Yahoo! Gives Blo.gs to Automattic

Big news recently was the movement of Blo.gs, a popular ping service, to Automattic, the keepers of WordPress. It seems Automattic has been entrusted with continuing to develop Blo.gs though I don’t understand how they can effectively do that while managing all of the other projects they currently have on the go. Automattic as a company seems to be expanding quickly. Acquiring companies, and now managing Blo.gs for Yahoo!.
It is interesting to see a company the size of Yahoo! give developmental control over any of their properties, though Blo.gs has not seen a major update in some time, from what I can see. It was time to either let it die, or get rid of it, and I think they made the smarter choice.
What will Automattic do with Blo.gs going forward? If anyone has any ideas, speculation, or actual information, I’d love to know.