No, it's not a great idea at all. But it was amusing for at least for a minute. :>

And the content blackout wouldn't do much at all. But the fact that they were trying...might, just might, send a message. But hey LJ just apologized (http://community.livejournal.com/lj_2008/3846.html), so I don't think they're going to do much to begin with.