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RE: Announcing the Launch of Hive Blockchain
Delegations won't be affected, your account on Hive will be identical as this one on Steem (at least when it starts). As far as I know, Steempeak will support both chains for the first few weeks.
It occurred to me later that given that the initial codebase will be the same, it will just be a matter of pointing to a new server to get the feed. I suppose the we might later point our browsers to a different instance of the Dapps that migrate over as well, but it will be relatively seamless compared to switching to an entirely new system.
Thanks for the feedback!