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They will not be able to turn AV or Fast into anything that can compete with MSN and Yahoo (if they choose to go it alone). and I believe they will overpay for these two acquisitions.
If you own Overture stock, you may want to dump the stock... yesterday if possible. :)
And Yahoo -> well, duh, they made their own acquisition. They need long term, to take a bigger % of the money that comes from their brand which they (foolishly) have been giving away to Overture.
I think we all here are just waiting for the other shoe to drop...especially with Overture losing some ground (via Alltheweb) to Google in Europe.