Personally, I think this is the stupidest thing I have ever heard. Lets take a company that is emerging from bankruptcy and merge it with another company that also has serious financial issues. What could possibly go wrong?
Then there is the issue of naming. Is SF dropped from all names, or is SF added to all names. Does SFGAdv become Great Adventure or does CP become Six Flags Cedar Point? Then comes the issue of ride names. Would CF keep licenses this time? Knowing CF, probably not, so we could look forward to Bat-Hawk and The Dark Box and Flying Coaster. And we could also get 3 "new" kids areas - Planet Snoopy, Snoopy's Seaport, and Peanuts National Park.
Then there is the issue of policies, imagine CF and SF combining their most annoying policies. Imagine all of the coasters dropping to 1 train if it started to drizzle. Imagine GASM getting crotch-belts, every flat that doesnt already have seatbelts getting seatbelts, and operators with wireless microphones walking around having to say "check" everytime they check a restraint.