Unfortunately, I waited way too long before starting up a dedicated thread for this (my bad) and there's way too much of this debate in the Kingdoms of Amalur: Reckoning thread to post here but if you want to catch up, the meaty discussion starts more or less here and ends more or less here. Be warned, there's some heated viewpoints.
I've written a blog post on this whole thing which takes a strong view of one side but also links off to a bunch of articles relating to how this all went down if you want to catch up. There's also a bunch of links to various stories from myself and others in the range of posts linked above.
I imagine there will be a lot to discuss about this as more details emerge. Given that a big part of this drama involves a government loan that will be defaulted on, I suspect most of the impending proceedings will be very public.