Harlequin shakes things up at RWA

Most of my readers are writers, so you most likely have heard the news... Harlequin has opened its doors as a Vanity Press. What does this mean?

It means that a writer can now pay to get published under the name Harlequin Horizons. Not only that, but Harlequin will also earn 50% off the net sales on any book published through this subsidiary branch of the Harlequin Enterprise. Is this a sign of the times? Hasn't Harlequin been featured in national media as 'going strong' even as the economy plummets?

It makes me wonder if HQ is worse off than they claim.
...and here's a thought. If HQ stumbles, will ePublishing fill in where it leaves off?

Well, I for one, am not interested in paying $600 to have my books in print, only to make half of what the book is worth when it sells... Sells, because I marketed it. Ick. Thankfully, I wasn't looking at Harlequin to publish my stuff anyway. So, nothing's changed for me in that regard. I'm still going the agent route... and to NY! Huh, I wonder if Harlequin is considered NY publishing? Was it ever? Will it be now?

My world isn't so small that I think this will have an effect on the greater publishing industry, but in the romance world... it's big NEWS!