You know, there's actually alot going on if you analyze all of this in detail.
The French are getting the revenge they deserve. Why? Blizzard is worth less without the stars, like a movie. Read the last paragraph of the article, and that's what Bill talks about. Vivendi held out to long, trying to get as much money as possible, and now they get screwed royally. The winning bidder will get the games division at a reduced price.
Sierra isn't in any better position. They worked on Tribes Vegeance for 6 months, and the release date is late next year. Irrational was hired by Sierra to do the work, so in theory, the people at Sierra are just managing the project. There's no real talent at Sierra, it's at Irrational.
The stars of Blizzard leave, announce their own game company, cherry pick what's left of Blizzard, and wait for some major company to hire them to make a new game. And they will probably get consulting money from Blizzard to keep them floating along, while they start writing their own game or get signed.