Regardless potential mergers or close downs, I admire CO for their calculated planning of operations. I think a reduction of service and an increase in code share opportunities makes good sense. However, it would suck if they start driving everything to CDG as that place truely does suck to transfer.
And, maybe it will be good things for CLE - though they will need to carefully examine our Customs and Immigrations facilities before they add too much capacity over the Atlantic. I think a 762 one-stop from IAH makes good sense.