Ask HN: State of foursquare?

What do you think is the state of foursquare? Is it going up or down? Do you know any resent good blogs posts about the state of the company? Is it just that the attention of the media has died since the "facebook places" release? Or people's interest starts to be gone? I'm asking this to have ideas and to learn how they did and should have behaved since the "Facebook Places" was released.