Power Architecture is not going away from Debian; they will still support little-endian 64-bit PowerPC, better known as ppc64el, and coincidentally the same architecture as the Raptor Talos which will run a wide choice of Linux distributions and probably some *BSDs. (It's up to $228K of $3.7M. I'm already in for a board and CPU. Back now!) And do note that Debian has stopped support for current architectures before like SPARC, so such a move is hardly unprecedented. But this is really bad news for our PowerPC friends in Amiga-land, and may seriously disturb the viability of boutique systems such as the AmigaOne X5000 -- AmigaOS is a lovely OS but it lacks the range of Linux on that hardware, and Debian was one of the lowest barriers to entry.
This doesn't mean some
insane energetic freak like me couldn't take Debian/ppc and keep it rolling, but they'll have to step up now and a lot of work is in store. If you want a supported Linux on Power, however, you're gonna have to go POWER8. Otherwise, it might be a good time to check out NetBSD.