The Pancake stream was very reassuring.
Giantbomb is supposedly still operating independently... at least in the sense that they'll have their own staff, still keep their own site and, most importantly, retain complete creative control of the content on their site.
They're still doing weekly Bombcasts
They're still doing Quick Looks
Jeff said Reviews are staying for the time being
Jeff, Ryan, Brad, Vinny, Patrick, Dave, and Drew are all still on staff at least
Patrick is still doing news separately from GameSpot
They're moving into a new office next to Gamespot.
They'll have access to Gamespot's superior advertising team
They'll have access to Gamespot's recording equipment/green screen room
They'll might start pulling in Gamepspot people into videos and stuff (think Whiskey Media Happy Hour but with Gamespot in place of Tested/Screened)
All-in-all I'm excited. The saddest news here to me is that Screened (my other favorite WM site) is now completely separate from Giantbomb and there'll be no more Whiskey Media Happy Hours or Ryan guesting on the Screencast.