It is officially happening and we know about it.
It will be in Episode 5.
And I'm not going to speak for anyone else as far as it goes.
If you're looking for more information then try some of these links:
The official announcment
letter from the producer
Interview with Turbine employees
You'll find out about our opinions on this when Episode 5 is released. In the meantime, stay calm and don't rage quit.