Hold the phone- No more five man queues?

I just saw a dev post that ranked will now only be available in "solo or duo queue." Now does this mean we won't be able to take our semi-competetive teams/clans into ranked match making for a fun competetive expirience at all? Why are you guys doing this? If you decide to do this atleast make an option for five man/four man/three man squads to queue together. I understand that there are pugs for people like us, but we are no where around that skill level (We're all gold 3). What are we supposed to do now?

I can't stress enough how bad of an idea this is. Ranked already has a small and dying player base. Removing those who like to play in large groups would make it even smaller.

If this must be done, then atleast include an option for the formation of full "formal" ranked teams in the client, like DOTA 2 and league have.