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It says that they will be "actively deleted", which doesn't sound like they're going to be hidden.

EDIT: correction, it says they'll first be hidden for about a month, then they will be "actively deleted".

It doesn't say anything about hiding photos, that I can find?

It does say that if you were over 1000, you have a month where you can't upload any additional photos, but before they start deleting photos.

Huh... Maybe I misread, either way, its a similar sort of concept, and still ends with deletion.