I think this is GREAT for the industry. Imagine if every airline had their own regional. One and only one for each airline. Less competition among regional airlines is great for us as pilots.

Imagine if this (and only this) was true:
American uses American Eagle
Continental uses ExpressJet
Delta uses Comair/Skywest
Northwest uses Mesaba
Alaska has Horizon
Frontier has Lynx

That would be great for the industry. I am rooting for Northwest to aquire Mesaba and give all their new flying to Mesaba.