Maybe.

It seems automattic is realizing that there is value in being "the established service that does what the giants are doing but isn't the giants". Personally and I think the HN crowd would agree with me, I see the value proposition in using Tumblr, beeper, WordPress over their competitors, simply because automattic has amassed a lot of consumer trust in not running things into the ground and making interesting things out of software that seems like it shouldn't be there.