Interesting article, but I'll hypothesize that the oceanic adjustments would be temporary. The Earth's interior is very much fluid (think "liquid molten magma") and continents have their shape because they float on top of the mantle like ice cubes on water. Absent the centripetal force, the mantle would change shape, carrying the crust with it. Equatorial crust would settle closer to the earth's center, polar crusts would be buoyed up, and sea levels would re-establish themselves at their current relative heights, give or take a few hundred feet or so. Of course, the earth's interior is much more viscous than water, so the system might take a few thousand years to re-establish an equilibrium. After all, the eastern seaboard of North America still isn't done rebounding after the last ice age 10,000 years ago, when miles-thick ice sheets pushed it down into the mantle. And the earthquakes would be stupendous, I bet.

Wow, this is amazing - Compelling evidence that the ancient Egyptians knew about rhinoplasty!