I don’t always agree with Joe Konrath but sometimes he makes a lot of sense. Check out his blog post about Amazon’s Latest Proposal to Hachette. I think his article is spot on and syncs up with the fact as we know them right now. That said, there’s probably more to this story. Only time wil tell.
For the authors caught in the crossfire, keep in mind that very few publishers have the writer’s best interests at heart. If they did, we wouldn’t need organizations like the SFWA and Author’s Guild or agents and literary attorneys.