Oh I absolutely was as well, I had a major wtf reaction and actually read the whole thing (something that I never normally bother with when it comes to ticky boxes for user agreements lol). Any agreement is probably a bit intimidating if you really take the time to read the fine print, we just normally don't bother with it, but this time we're all extra alert because it's Russia, and so what's actually pretty standard has people wondering what that means for the safety of their LJ.

And hey I might be wrong, but Control of LiveJournal as a blogging platform has been transferred to SUP Media LLC, a legal entity based in the Russian Federation...Paid services, however, will still be provided by Live Journal Inc. suggests to me that the move to Russia won't even affect paid accounts, just the ad-sponsored ones?