I am sure they are not going to target Microsoft and PSN as they made a contract with KimDotCom. But what i am sure is that they will be targeting gaming companies and taking their servers down.
They're fucked if they brake the deal they made with KimDotCom. Aslong as they leave the XBL I couldn't really care tbh!
Lizard Squad are selling a booter though... They said if about 4/5 people hit the same IP its easy enough able to boot off XBL/PSN.