There's a good piece by Lee Hutchinson over at Ars Technica about Disney's chainsawing of the Expanded Universe, and why it's a good thing.
A sci-fi universe with as long a tail as Star Wars can be death for new stories, though. Finding space among the EU to make a mark without being hamstrung by established ideas is difficult, and even keeping the EU somewhat organized is challenging. Its growth has been cancerous—like a tumor, it has no plan and no organization—it simply expands, blindly, as the collective fan engine shovels in new material.
And like a tumor, Disney is going to rip it out.