“99% of those on Mt. Gox are going to sell their coins the moment they get it. Imagine billions worth of Bitcoin all being dumped gradually over the next several weeks. There is no way to spin this to be bullish, or news that could offset this.”

Someone is talking their book. Clearly has a short position which looking at the date of the quote he is getting rekt on. There will be sellers. It will not be anywhere near 99%. The coins aren't getting distributed all at once. It may affect price, but it will be orderly and long term bullish to get this supply overhang and FUD cleared up.