
I too was a little taken aback by the announcement. Suddenly up was down, left was right, and AT-ATs skipped through the daisies.
Luckily, the collective nerdosphere has had some practice with Disney horning in on our loved ones. Several months ago, Disney also bought out Marvel Comics. People spat at their monitors and tablets, crying fowl and fearing Wolverine would turn start singing to birds and deer.
Fast forward to today and the impact has been minimal, more just an exchange of funds between parent companies. Business. Simple as that. Happens every second of the day.
Star Wars, however, is more than just a cash cow to the fanboys. It's a lifestyle. Our first love. It was alarming and startling and I haven't had an erection since the announcement. Given that, I decided to mull over the possibilities (albeit erectionless) instead and look at it as subjectively as I can.
So, for anyone who cares, here's my two Imperial credits:
The Sequel
Although reports are conflicting, it's been said that George Lucas had originally wanted to make Star Wars a nine act play. Then, during production of the prequels, he said it was only meant to be a six act play. The comment may have been flippant but take into consideration that this is the man who pretends the Star Wars Holiday Special never existed. And it did. Oh, it did.
Regardless who said what, the deal is done and more Star Wars makes me so I happy I could rip the ears off a Gundark. There was a sense of remorse and loss at the end of Episode III since (at the time) it truly was the end. Also, it was really shitty.

Other possibilities are the adventures of Han & Leia and Luke & Mara Jade's children, although two of them didn't have particularly happy endings. Even further in the future is the great, great, great-something-or-other grandson of Luke, Cade Skywalker. Alternatively, something completely new and unexpected may be in the cards. We just don't know so there's just no point in ripping your four chest hairs out.
The Current Franchise
One thing we learned from the Marvel merger was that Disney likes to get their house in order quick. Not long after the announcement, any Marvel television show that wasn't under their jurisdiction was given the axe. The process is slow but we'll start to see Disney's efforts in a big way when their slew of Avengers and Hulk-related series premiere in the new year. Will they be any good? Time will tell.

Another casualty may be Dark Horse Comics who have published Star Wars comics since 1991, winning the property from Marvel Comics... which Disney now owns. Weird, huh?
Lastly, 20th Century Fox was the distributor of all six Star Wars films and the familiar fanfare opening each film will no doubt be replaced by the Magic Kingdom. That said, Fox is an agent of Satan so whether Star Wars is distributed by Hell itself or Neo-Nazis is really of little imporance.
The Future

Now one could say that Uncle George, the creator of the most successful film franchise and most expensive independent films is selling out. And of course he is! Dude's ready to retire and let the young kids take a crack, just as he once did. He will of course be a creative consultant but we all know that he just shouldn't direct or write or have anything to do with the movie-making process ever again. E-ver.
You could also say that Disney's more recent science fiction attempts, Tron: Legacy and John Carter, were commercial flops. But know what? I kinda liked 'em. They were very un-Disney and I'm seeing the silver lining here and hoping for the best.
What does hoping for the best mean? It means calming the fuck down, kids. It means we won't be subjected to Jar Jar Binks anymore. It means we get to go to the movie house amongst our own kind, dressed to the tits in Jedi robes, and enjoy what we love. It means we get more damn Star Wars!
And in the end, it's all Disney's world anyway. We're just living in it.