The not knowing was the toughest part. While it's bad news, at least it's fully known, and it's one less thing to worry about. Well, actually it's now a new big giant thing to worry about, but at least I don't have to wonder any longer.
I'm a free agent again.
While the job market seems 10x worse than it was just a few short months ago, I'm seeing a few contract jobs I could do, and I have an inbox of contacts to hound for freelance work I was asked to do months ago. I can also finally get to doing a long list of maintenance work on MetaFilter, thanks to dozens of great suggestions from the membership. I suppose I'll update my resume in a couple days, but I'm in no rush.
For some reason I'm not afraid. I'm not desperate. And I'm doing alright.