Already told the gaming group teams that July 4th will be switched to 4th edition. Everyone will be lvl 1 again, etc. Keeping same homebrew universe though, they are scared/wondering whats going to happen.
Already boxed 75% of all my 3.5/3. stuff with 2nd edition, including all the Dragons and Dungeons since Dragon issue 86.
The remaining 25% is for the current ongoing 3.5 ruleset going on, and for use in Neverwinter Nights.
There have been a few complaints, mostly due to the $$ I spent on 3-3.5 (thousands), and the fact they will have to be level 1 again after almost a year to get to 7th level.