Mysql belongs to Oracle. Is it doomed? PostgreSQL?

[eluser]dreamer111[/eluser]
MySQL was acquired by Oracle April 2009.

Since Oracle is the major produce of commercial database software I can't stop thinking about
quite obvious conflict of interests that this creates.Makes me wonder if I should continue using MySQL in my projects.

I can see how MySQL becomes less scalable, more bloated and less competitive in general in the long run, or gets commercialized. IMHO - I don't think it's gonna get the same attention from ORACLE's developers as they give to their own db software. New releases are probably gonna get a bit more buggy.

Is it time to ditch it for PostgreSQL which is completely open source comparing to MySQL?
Has anyone had a positive experience with PostgreSQL?

Would be nice to get Codeigniter's community insight on this one