Be patient hon... I know a lot of other people feel the same way that you do.
Everything is being sorted... it just doesn't seem that way at the moment.
Most of the posts relating to this current issue are in lj_dev, and I believe that status.livejournal.com has also been updated.
As for deleting your journal, please don't. Even if you only post so that only you can see it, go ahead. But please don't delete it :-)