Most of he various Mozilla bloggers are curiously silent about the Microsoft/AOL deal... well, I guess its not that curious -- the ones who actually work for AOL have to be circumspect out of sheerest self-preservation. The funniest summary comes from Hixie, who (I'm guessing) doesn't depend on a paycheck from Netscape.
The best thing to say, I guess, is that the code is already out there, living on thousands of hard drives, so that even if AOL shutters Netscape tomorrow, derivative works will be around forever. Mozilla (well, mostly Mozilla Firebird and Camino) are dramatically far ahead of the ever-stagnant Internet Explorer in providing a pleasant browsing experience, and frankly I don't see that changing anytime soon.
A dwarf is passing out somewhere in Detroit!