ZeniMax - owner and publisher of Bethesda/Bethsoft has just bought out id software.
Two AAA software development and distribution companies coming together... Great news from my perspective.
id Software are seen as the masters of FPS shooters, having pioneered the genre, from Wolfenstein3D and Doom to the Quake series. With founders like John Carmack and John Romero - these icons of the industry have had arguably the greatest impact on steering modern game design.
So for them to have been bought out by ZeniMax means what? Time will tell all, but for me, I'm excited!

I'm a huge fan of Bethesda, specifically loving the way they blend First Person with Role Play elements. While I'd never classify Fallout 3 as an FPS - it's a brilliant blend of the two different genres. Imagine what could be achieved if these two studios teamed up...
While ZeniMax have stated that id will handle it's own IP's, and there's no talk of any co-developed games in the works, combining two giants of the industry can (hopefully) provide us with more gaming goodness over the years to come.