Hi Phil – thanks for the comments.  From a purely HRO buyers perspective this doesn’t rate as wonderful news, it’s not as interesting on paper as Northgate Arsinso’s purchase of Convergys’ HRO business, however it’s just not a “sad, bad day for HRO”.  With this merger, there are questions about future investment plans, the usual risks with mergers etc BUT Hewitt/AON is still open for HRO business and has plenty of cross sell opportunities.  I think the multi-process HRO market is building-up steam and there will more twists and turns in this space!