Yes I am. All you are losing is the ability to embed the photos on a third party website such as Craigslist. Ransom was bad word choice by the reporter.

Key info:

4. Are my pictures still safe?

Yes! All your photos are still available by logging into your Photobucket
Account. Photobucket has only restricted the ability to view your photos on
3rd party sites.

5. Can I download my Photos?

Absolutely, at any time. It is an easy four step process:

Step 1. Login to your Photobucket Account

Step 2. Navigate to your library page

Step 3. View a photo and click the download button

Step 4. The picture will be saved to your computer
Full info: http://blog.photobucket.com/please-r...s-photobucket/