Regulators beware - Internet Bubble Childhood Villians to become one, fight for good against Microsoft?

Silicon Alley Insider reports on something that would have once filled my heart with dread: AOL and Yahoo! merging:

The WSJ confirms that a Yahoo-AOL deal may be imminent. Earlier, Rafat Ali at PaidContenthad speculated that the Yahoo-Google search partnership could pave the way for a Yahoo-AOL merger announcement, perhaps as early as next week. (YHOO) (TWX)

Not sure how to handle this one...but the FTC will have a real good time.