I'm with Frogboy4, I don't think the loss of Where in the World is Kermit or a quick on the fly xmas special was neccesarily a bad thin. The corporate shuffle on the Muppet Holding Company is troubling, and shows the extent of the post Eisner house cleaning Iger is willing to do.
As for just using the Muppets to hawk merchandise...I noticed not one Muppet thing has been for sale at any Disney or Disney related store. Heck even Bear in the Big Blue House, which they still put out merch for; says "Disney's Bear".
A part of me sees happening what we feared after the Disney buyout: keeping the Muppets almost soleley for milking the retro merchandise factor, corporate house cleaning that wipes clean most Muppet projects, bowing to completely typical faire(the reality tv angle), looking toward a revolving door of performers for any character, and not announcing that much news to be excited about.
On the bright side, I can see how the reality tv show; as Luke says, is what sells and what could be the Diz' best shot at gettingem back into the puppet eye. America is dumbfounded by anything relating to "reality tv", so go for it I say. As long as the show isnt about human performers auuditioning to be replacement muppeteers for the main muppets.
Now, if you're like me and love all the "Muppet" franchises(legal company seperation be darned) from the Muppets, Sesame, Fraggle Rock, and Bear; then this is good. As it allows for JHC/HIT to focus on getting Fraggle Rock back into being with a movie, possible new show and lot's of merchandise...Sesame WS to focus on Sesame, and Disney to focus on the Muppets and Bear, then it's good. Again, I point to the fact Fraggle Rock the movie and Dark Crystal 2 would never be happening if the buyout hasn't happened. So all I myself can do is look toward a silver foam and fleece filled lining.