CainIV - 4:21 am on Jul 23, 2010 (gmt 0)
I'd say the defeat of Yahoo is a major victory for Google. With Yahoo out of the way, they can concentrate one player - Bing.
I don't think Google has seen Yahoo as any sort of a threat - literally for years. Internal issues have consumed that company, and an ongoing series of poor search results was the telltale story.
I think Google has had their eye on Bing for a while, and in my opinion, one solid competitor is better than two next-to-useless players.