I still have a job for the foreseeable future but I also have a couple of other applications out there now. I've taken on some new responsibilities but I'm not going to be surprised if my boss's boss puts a freeze on my project. I like him a lot as a person but I've been continually frustrated by the complete lack of leadership from him on my project. It's suffering from benign neglect (and outright starvation, considering our crappy funding situation).
On the bright side, I'm excited about my new responsibilities and I know that I am (at least for now) making a highly valued contribution to the organization's work (meaning, I'm working a project that has some actual funding). I also get to work with lots of new people in this capacity which is great for networking. And best of all, it is highly related to "my" project so I'm able to apply a lot of what I've learned over the last year and a half.
I'm discouraged about how things have played out with my own project but optimistic about some of the conditions contributing to that changing radically over the next year. At the very least, we're getting out from some not useful upper management. Exciting times.