Seattle Grace Downsizing again?

The economy is bad not only in the United States but in the television world as well.  It appears that Seattle Grace is losing yet another doctor in George O'Malley.  T.R Knight is apparently upset at his lack of storylines and has asked out of his contract for Grey's Anatomy.  The house of Greys continues to fold and it makes me wonder how much longer the show will air for.  Grey's is losing actors as fast as viewers with the completely ridiculous storylines, and unrest on the set.  Shonda Rimes and company had better do something quick to stop the constant flow of bad press which seems to be coming from the set.  As I've said before, Grey's is one of my favorite shows, but it's went waaay down hill this year and I'm not sure it can be stopped.