This is a copy of an e-mail I received this morning from Northwest Airlines. FYI
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As a valued Northwest Airlines customer and WorldPerks

Actually I already know that part of what he says in the letter above is false. The head of Delta said that some of the perks in worldperks will not be honored and some will. For example with Delta you have two years to use your miles and NW has no limit. He said that will change under the new merger. Other things will change as well.

The letter also implies that "regulatory review" is the only hurdle in the way of the merger - they also have to come up with something acceptable to two pilots unions, assorted other unions, two groups of stockholders and a few members of congress that don't want jobs lost in their states during an election year.