Here's my experience:
I applied at Atlas last summer. While waiting to hear I read this entire thread. I interviewed December 2, and was placed in the pool the Tuesday after that. My interview experience was great. Everyone who I came in contact with was straightforward. Everyone answered all of the tough questions asked on here with what I believe were good answers, at least as far as they could know. There wasn't any inflated numbers for pay, and the contract issue was discussed in a straightforward manner.
I continued reading this page, as well as the news, and any other sources I could find. Atlas seems like a great company overall, with a great group of employees who would be great to work with.

I declined a class date today after weighing all of the above. For me, emphasis on me, not anyone else, it is above my risk threshold from a career standpoint. Your situation may be different. But what I think the Atlas guys are saying is to do your homework. If they pull through this rough patch, it will be a fantastic place to work.