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We're not willing to move to SE2.0 unless we retain access to full database dumps (in case we need to change platform in the future), which is not something they're very excited about. There are some other issues (e.g. we also want to retain control of (lack of) ads), but that's the main one.
In the meantime, they've said that they're happy to continue hosting MO for free indefinitely. This is the medium-term plan. In the long run, we'll either move to SE2.0 (if we can get favorable terms), or we'll put in a lot of work to move to another platform. There are some open source alternatives, like OSQA. Scott has been reimplementing the software from scratch (see the thread about alpha).
They have nothing against open database dumps. In fact they provide them, and even give you a nice way to explore them. The thing in question is full database dumps, which include things like IPs, email addresses, OpenIDs, and identities behind all votes. These things should obviously not be public, but its impossible to migrate to a different platform without them since (for example) you would have no way of telling whether somebody is actually the owner of the account they claim is theirs.
The full dump is also sometimes useful when tracking down strange behavior, since it allows me to look at deleted comments, owners of votes, to collate things according to IP, etc.
Their argument (as I understand it) is that since SE2.0 is meant to be a network in which people can move fluidly, people might automatically create an account on the migrated MO, not realizing that they are revealing this private information to a third party (i.e. me). I don't understand this argument, since that private information is already available to moderators, just not in an easily manageable way. I've brought up this point in email exchanges, but haven't gotten a response to it. It's possible they have other privacy concerns, but they haven't told me about them.
I think not as I do not think the situation now is different than the one described by Anton Geraschenko in this thread some month ago.