I don't think the measure has actual text, but it's a question on whether the LW 1.0 should close down and LW 2.0 should inherit the domain name and the posts archive. Any account on LW 1.0 with karma > X (I vaguely recall that X=1000) has a vote. If the vote fails, LW 1.0 goes into some kind of zombie mode.
If it's worth saying, but not worth its own post, then it goes here.
Notes for future OT posters:
1. Please add the 'open_thread' tag.
2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)
3. Open Threads should start on Monday, and end on Sunday.
4. Unflag the two options "Notify me of new top-level comments on this article" and ".