I'm somewhat confused by some of the responses.
Is the poll "Will there be a strike starting tonight or tomorrow?" or "Is it a good thing if there is a strike now?"
I think there will be a strike.
I'm not convinced it will be good for either side. Yes, NWA will get cost reductions, but I think the effects of the changes will spiral out of NWA management control - due to a) passenger reaction b) investor reaction and c) employee reaction.
I think NWA will get labor costs down, but think a Chapter 11 is still not averted unless something changes.