Is the Proposed Merger of IDPF and W3C Good for Publishers?

The IDPF and the W3C recently announced they were making plans to merge. Will this merger be good for publishers by integrating them more closely into the community that manages the web infrastructure? Or will the merger result in diminishing publisher control over one of the important distribution standards for digital texts? The past five years of experience doesn’t give reason to be reassured of the outcome.