Avalon will continue to exist without any major changes as it transitions to Balmung. The only change is that we have to leave behind our mansion/museum on Mateus, but we're hopeful that we can eventually reobtain this on Balmung through a lot of hard work. Avalon already has a rank 6 FC waiting for us to migrate into to start the rebuilding process.
We expect to make our official leap back home in approximately two weeks. Though the site states that applications are closed, we are willing to start taking Balmung applicants at any time with the understanding that we won't be on Balmung for a couple more weeks.