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As a user I wouldn't be happy IF the devs split up between two projects. 

The way I see it is IBM and maybe some Oracle devs will work on OOo and
everybody else will work on LO...

The good part (besides the Apache license which allows LO to use what little
code will be openly contributed to OOo) is that IBM will continue to develop
ODF, which badly needs it.

I find it a little absurd that the people behind a file format that has been
under development for years haven't implemented font embedding... Of course,
fonts are not important for serious business companies :)

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