Interesting read if you have some time to waste, or if you have a project at Lulu but hadn't been keeping up with them. More and more, it seems like Createspace is offering authors better profit margins at a more saleable price (read: books aren't marked up to crazy levels) and the only advantage Lulu has as of now is that it is 100% free (Createspace charges $5 for yearly listing). And even then, the "free" thing doesn't sound attractive to me as a reader - this means anyone can dump any brain fart they want into Lulu and announce that they are now published authors. See this thread for a hilarious example of someone who had no business in Lulu:
Back to Lulu, it is clearly trying to adapt and beat off Createspace's intrusion on their turf, but it is making a series of increasingly bad decisions instead, sigh.