I got my rights back last summer quickly, without too many roadblocks (but I've heard that other authors have had problems with rights reversions.) My first few years with LI were good, but I (and many others) noticed a downturn in sales beginning around 2014-2015.
They're still a strong erotic romance publisher for certain sub-genres. Cover art, promo, and accounting issues do seem to be happening more often now, according to some ex-LI and current authors. Your mileage may vary, so take a look at their current catalog to see if your work fits into their better-selling themes.