I will be cleaning up my friends list, to only include people who are still (or again) actively using LJ. I will drop a lot, and may add a few over time.
I'll also be doing a complete rewrite of my profile information.
The plan is that I will use Facebook for the day to day stuff and off-the-cuff updates, and LiveJournal will be for more thoughtful, carefully crafted content. We'll see how that all pans out.
I have a few friends who will be doing the same thing, so I am looking forward to seeing what they write, and what I manage to wring out of myself.