For as many good points have been made on here, here's my 2 cents. I think the LPU does need to be preserved; reinstating the LPUTV archive is a perfect first step. When LPU17 launched, Lorenzo said there was also going to be an LPU app that would allow members to stream the LPU exclusive music through the app. It was a wicked idea to show the members they're serious about the LPU and moving with the times in terms of streaming, but unfortunately they never followed through.
I think they should have continued LPU without releasing the "new merch" pack. As others have said, it's a recycled logo on unnecessary merch items. It's fine to not have an updated logo or anything but maybe just continue to stock what they already had until they are ready to launch something new. It also clashes with what Music For Relief stands for as well, considering the impact of "fast fashion" on the environment, why pump out extra merch that provides nothing new to fans nor does it promote anything new for LP?
As someone who lives in New Zealand, there is little reason to resubscribe. Mike hasn't and won't come to NZ, which is fine, but it means the only thing LPU has for internstional fans are the forums [which are not as well developed as here], the videos [which are all available unofficially on YouTube], and the store [which everything is now available on eBay]. If they're going to use the LPU for Mike's solo career, why not release MS demos or tracks that didn't make the cut? The CAL Sketch Version could have been an LPU exclusive, especially as it's unlikely to appeal to casual fans anyway. Mike could have done a live chat or competition or something to enhance the LPU experience.
LPU should definitely be kept alive but either go all in and give members content [whether MS or otherwise] or let it remain dormant until LP returns, don't half ass it because it looks a lot like a money grab, even if that's not the intention.
P.S. This sounds more aggressive than intended. I love the LP family and respect what they're going through, this is just how I would've viewed it if I was working the LPU.