I wonder if we'll ever know the real truth behind this mess. KV being who she is, that is, a good, Indian-American Harvardian, may never spill the beans. Especially if, as someone said earlier in this thread, there's any sort of "hush money" involved. Or, maybe she'll wait until this has all died down, then write an expose. Now that would be interesting. I, for one, would love to know what the role of the other players has been: the parents, agent/s, packagers, editors, publisher, astrologers, and the pet cat. That's definitely a movie I would be interested in seeing.
This whole story has been disheartening for me as a YA writer. If publishers are clamoring over themselves to acquire high-return, "commercially viable" chick-lit novels (which I don't write, but enjoy reading), then where do other novels fall in that shuffle? As a previous commenter stated, that advance could have gone to 25 (or more) new writers.
I'm not saying they shouldn't be acquiring these novels, but why at such a high premium? And why from a packager? Why not search for the next new, fresh voice that has something unique and original to contribute? JK Rowling, for one, was "discovered", not packaged. She wrote her own stuff, and look how "commercially viable" that turned out to be! I understand that packagers make things "easier" for the publisher, but then what about that whole pretense of searching for fresh new voices (as LB's publisher claimed of Opal)?
Nothing to do for us poor writerly schmucks except keep working on our fresh new voices, and original plotlines. And look for editors and publishers who really want what they say they want.