In case you missed it, Yahoo's objection to Microsoft has shifted from the philosophical to the financial.
For the most part, the letter, signed by CEO Jerry Yang and Chairman Roy Bostockto Microsoft's CEO Steve Ballmer, repeated Yahoo's past confidence in their business and independent future.
However, the most important message contained in the letter is that Yahoo is willing to sell at the right price.
The two sides are still far away on that matter, however. Microsoft has said it is sticking by its original offer, which has actually declined in value since it was made February 1, while Yahoo has tried to make a case it is worth far more.