Okay, can someone clarify something for me - is ALL EU considered out?
I took StarWars.com's press release to mean that anything post-ROTJ was out. However, I'm seeing on different sites (especially JTA's reports) and from different interpretations people saying that all EU is dead. So I'm not sure exactly what's going on.
Since it hasn't been stated yet, yes, the entire EU is now "Legends". What is cannon now is the existing six films, any new films by Disney (sequels and spin-offs), the Clone Wars cartoon series (including the theatrical release and "Lost Missions" or Season 6 that is now on Netflix, but not the Tartikovsky shorts), the upcoming Rebels cartoons, the Sons of Dathomir comics (coming from Dark Horse comics - these will center on Maul and are adapted from CW scripts) and the just announced novels that will be released from Del Ray. Going forward, it appears that everything will be cannon that comes out from Disney, including anything that is licensed by Lucasfilm and/or Disney. So any new Marvel comics, Del Ray books, video games, etc. will all be cannon on the same level as the movies.
Essentially this makes the existing EU stories that may or may not have been true. In some cases it will just be fictional stories in the Star Wars universe. In other cases, it could be like the equivalent of George Washington chopping down the cherry tree and telling his parents that he could not tell a lie. We know he existed, but there really isn't a way to verify the story.
My biggest fear is laziness from Disney or Lucasfilm. Something along the lines of using Mara Jade as a template for Luke's wife for the sequels, but changing her character to make her fit the way they want. I would prefer a brand new character rather than a Mara lite.