I would not worry too much about that 20 Steem mark now so many people are going put in there head. 1 Steem is one that most don’t talk about and going over that threshold increase rshares your vote was worth and is smoothing to be more concerned about from my limited understanding.
As far as who is still creating content. Well I am! It’s only a couple a week most of the time due to how time consuming what I do is. Still if things decline I’ll just make some changes. I’ve been putting more and more effort on promoting my content outside of Steem and building myself up.
I think for those who had a lot of Sp and where just spam posting to farm them this now at least gives them a choice to go do something else and make a decent amount.
The bigger thing here is that downvote pool. It’s getting used and some big bid botted posts when down. If that keeps up when people choose to abuse such things with zero effort posts than that is great.