I've been meaning to do this for a while now -- I have now moved my blog to http://arunraghavan.net/blog. The ads on the front page of LJ just annoy me to no end. I understand that the LJ guys have to make a living too, but this is much simpler for me (and all my content stays in one place).
I managed to export all my data to Wordpress on the new site, and realised that there were more than 2000 comments. There's no way I'm going to get that kind of community after the move, and that actually almost made me not switch. But it is done now. I've not been active on reading my friends posts, and that sucks. Will probably try to move that to a Google Reader so I don't completely lose touch.
It's been a great 5+ years on LJ. See you on the other side, folks! :-)