Yahoo + AOL -> Recipe for death?

In the most unexpected turn of event Yahoo tries to tie a knot with AOL to do away with MSFT!! I can help but feel amused by this idea. It would be the most bizarre way of claiming that we are gonna revive Yahoo. Saying or writing anything against this idea would not be enough. Expect that, if this is what Yahoo Management is thinking of doing... I as an investor will exit the stock right now. (It only shows that convoluted thinking at Yahoo's management level)

AOL is now a company, which no one (including Times Warner & AOL itself) know what to do about it. As it looks for now, it would be a perfect recipe for Yahoo to committing suicide. Or may turn out be an attempt of not only delivering Yahoo but also AOL to Microsoft in future.

For the heck of it ask, lets ask this question.... What does AOL has which Yahoo do not already have. (O Ya Google's search engine). Anyone in his sense, would have understood (or might attempted to understand) management claims like that Yahoo can be revived on its own; that Microsoft offer under-values Yahoo; that Microsoft will hurt Yahoo as a brand; that Microsoft will not play fairly in the market after it takes over Yahoo; Or that they are ready to try out something with Google etc.

How does getting AOL into the picture will not help. I think if they try to do this all they will do is weaken both themselves and AOL. B'se
1) leaving Google unchecked will continue to help it gain market share and also making it impossible from FTC to allow any Google/Yahoo+AOL merger etc happen.
2) Will reduce there earnings future and increase the expenses.
3) Give Microsoft make more money from its OS & s/w's

With money & time and business conditions on its side Microsoft can wait for some more time during which Yahoo+AOL marriage fails to meet Google's power and Microsoft cont. making more profit adding it to its cash reserve making it easier for them.