No to your last paragraph, because that's outside of the content area, where Wikia don't want us to tread. It's gotta be between the titles and the languages line.
My initial thought is that we are keeping the tags. But they will probably be rotated 90 degrees so that they're horizontal, as they are in Monobook.
However, I suppose that all options are on the table, and if we need to switch to another format, then I suppose we will.