Well, maybe not, but it's the kind of exit that Nick Douglas would have written about. Instead, he was (apparently) cashiered and has been replaced by the other Nick, that Denton guy. Details, such as they are, can be found here. Valleywag and Douglas are a great example of the speed of influence in the world today, an unknown became a must read in a matter of weeks -- this is the world of impermanent influence. The bolded part below is what I think did Mr. Douglas in:
Mission. We're still going to break open secrets, like the fact that Google's most prominent female executive dated Larry Page, the co-founder, the story that Valleywag launched with. It's ludicrous that information like that should be common knowledge in Silicon Valley, and yet too hot to touch by the tech industry's supine press corps. However, I suspect we're going to tone down the personal coverage of civilians, because they haven't done anything to seek out attention, and their personal lives aren't that interesting. Unless they are. Anyway, more money, a little less sex: that is Valleywag's new gossip mantra.
Douglas was my vote for the first blogger to be sued for libel, I guess I'll have to ask for a recount.