No, I don't feel like that at all.
My page views have only dropped by what I'd expect over the summer months, I've had no Hubs dropped from featured status. Article maintenance is a part of online writing -- people should be doing that whether HP demands it or not. And, despite lower CPM, I'm definitely not working for free.
The climate online is changing, and HP must roll with it. That's going to mean stricter guidelines and some decisions many writers aren't going to like.
In the end, it's our own personal choice whether we stay here and keep writing, or move on to some other platform that better meets our needs. Nobody is holding us here. But before people get upset and head for the hills, think about what else is out there. HubPages is about the most open revenue sharing site there is. Most places don't allow poetry, fiction and all the other expressive content HP makes room for. Most places don't pay nearly as well, either.
But I can understand the frustration. If I were thinking of leaving HP I'd probably put up a Blogger blog, slap some ads on there, and write away. That way I'd have control and (mostly) make my own rules.