Michael Porter defines strategy as how you are different from your competitors. Strategy means saying no, whereas Yahoo has always said yes. Southwest has a strategy (one class of service, only 737s, no reserved seats, no hub/spoke...) whereas United and American Airlines do not. Yahoo has been a tech version of a conglomerate. With no clear way to decide what projects are off strategy, all projects survive and the company has no focus.
Yes its a concern that yahoo's strengths (sports, finance) may not fit that direction. But this is the first time, ever, tht I've heard an actual strategy of any kind proposed for Yahoo. And that's cool because I was skeptical there could be one.
Step 2: add no new features to it for five years, but force users to create a yahoo account to use it.
Step 3: fire all the developers.
Step 4: ???
Step 5: profit.
Oh wait, that was Flickr.
Heck, nothing's too crazy for a company in free fall.
Imagine if Yahoo made a serious bid for Pinterest, and then Marissa went really crazy and made their homepage into a Pinterest-like site. Not only would it cause a great sensational uproar in the press, but it would make Yahoo a serious contender again.
P.S. Not offended by the fact that Dave said "pink".