There are apparently proposals underway to reorganize some of the "smaller" professional and graduate schools at the University of Illinois; the iSchool is one of the schools under discussion. Here is a link to the website that their Dean has put up to keep interested parties informed about the issues of "Stewarding Excellence."
Stewarding Excellence at GSLIS
This web page has been created by Dean Unsworth to keep GSLIS students, faculty, staff, alumni, and friends informed about the University's response to current financial challenges and how related decisions impact GSLIS. Go here to view the web page: http://www.lis.illinois.edu/about-gslis/stewarding-excellence