What actually happened to MBG and what is it's future

[Remya]

Google’s head of search spam, Matt Cutts, announced really early this morning on Twitter that Google has taken action on “a large guest blog network.”
Cutts previously warned the webmaster and SEO community that guest blogging is done, at least for SEO and link building purposes. Well, it might not have been done — it obviously still had and has some impact on Google’s algorithms for Google to have gone after and taken action on a large guest blog network.
Read more to see what Ann Smarty, the founder of MyBlogGuest have to say about this:
http://techwy.se/bgycX