The integrity and bravery he has shown in this fight is impressive. He has definitely earned enough "cred" to restart this business outside the US and be very successful.
We should celebrate Ladar for making the decision to put himself at risk in order to protect his users, but I think we should be careful not to forget that Ladar was forced to make that decision because the security of Lavabit was all a total handwave. This wasn't untested water, either. The exact same thing happened to Hushmail for the exact same reason, and should have been evidence enough that the model isn't viab…
He could have complied with one of the several valid court orders that requested he give the FBI data on a specific account but stopped short if installing FBI code or devices on his system or handing over the keys. Had he done so, it would have stop there.
Instead, it escalated to the point where he actually was forced to expose all his users. Anyone who has transcripts of those connections (e.g the NSA), can now read them, get the passwords, and decrypt any mail they got form the server. It seems like a boneheaded move unless his only goal was to protect Snowden at all costs.