i'm discussing the site as a product. it's a better product now, and that sentiment is pretty widespread by its engaged users. Sending the porn to other, more growth-obsessed platforms was worth it.
How long tumblr will last - i don't know. Its users are not very monetizable. But as a social media website, it is comically superior to twitter and facebook. And my argument is the exact things that cause you to say it is bad are why it is superior.