An update for our friends from that site's forum community.
As posted by Godhugh, a member of the Octopus Overlords staff, in our forum:
We've signed up with a new hosting service now. They come recommended and they appear to have everything we need for OO. I've sent Gedd the info and we should be able to start getting everything (software, domain repointed, etc…) over this weekend. I won't commit to an exact schedule, but we're definitely making some forward progress now.
Although Godhugh won't commit to a schedule, it would appear that the site will be active again next week. The database of pre-collapse posts may take longer, but for members of the OO community, this should be good news.