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Yes I've been seeing a lot of upheaval in Google's serps since mid-February.
I'm watching 16 sites, 3 of them disappeared in mid Feb, 2 bounced back a week later, one is still in the doldrums after a month.
The one thing in common with these three sites is that they have a lot of similar pages (they're online catalogue sites), the other thing is that they didn't have a redirect from non www pages eg example.com/index.htm to www .example.com/index.htm.
I'd be inclined to sit it out for now, but have a look at how your pages are being indexed in Google and see if there are any pages listed as "duplicates".
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