I'm not surprised that he's gay, I'm surprised he admited it. I'm also extremely proud of him. Even though everyone 'knew' (since they had no proof, just speculation), it still takes a lot of balls to be able to come right out and say "I am gay."
On a less formal/mature note; OH MY GOD! It's really not fair. I can deal with the straight guys getting hot girls, but hot gay celebrities together is just so not fair. If it were possible for men to have babies, theirs would be perfect. So not fair...
Although, based on that pic of Reichen, he doesn't appear to be packin much, unless he's a major grower

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I'm wondering if the rest of his ex-bandmates will stick behind him. Justin may do it just to look good, and the others might take this as their chance to get in the spotlight *coughcough*Joey*coughcough*.