The good news is that free space you had accumulated on Loom will be transferred and honored by Dropbox. I've already tested this, and my 10 GBs of Loom storage have been added to my Carousel account.
The bad news is that Carousel is young and doesn't have many of the features that Loom had so carefully designed. The biggest drawback for me is no iPad integration. My iPhone is my only connection to Carousel.
The two companies have designed an easy migration path. Basically, you click a button and give Loom permission to connect to your Dropbox account. If you don't have one already, you can set it up. The other option is to download a zipped archive of your Loom library. I opted to migrate and will report on how that went in next week's TDS podcast.
Either way, you have until May 16, 2014 to decide what to do. After that, Loom will be no more.
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