No - not "wait and see". HP is a huge corporation with huge internal and external problems. Has been for years. The turmoil and the policy gyrations have also taken their toll on product quality. After a succession of HP scanners and printers that ended-up either in the trash or recycling events, I have personally stopped buying anything from HP. Whether from the hardware or software/firmware, I've experienced fatal or near-fatal flaws in every single product I have ever owned from HP going back to the early 1990s. Right now I'm suffering through the last HP office inkjet I'll ever buy. HP undoubtedly houses many brilliant minds doing leading-edge fundamental scientific and technological research in domains many of us would scarcely ever know anything about, but focusing on what's relevant to most of us - the ordinary consumer end of the business, based solely on my own first-hand experience, my general advice is to buy from companies that have corporate stability and a proven track record in producing high quality, well supported products with proven performance.
I partially agree with you, Mark. The HP products I bought (or used) from the mid 90s to the early 2000s were all very reliable and good values (for consumer/prosumer products). However, from the early 2000s on, the quality and service began to drop. The simpliest question (where can I get scanner cleaner sheets?) took 3 phone calls, one to a non-native speaker of English who barely understood what I was asking. I bought an HP Pavilion PC in 2001 and it was junk from the outset, quickly replaced by a home-made Win-puter that lasted (with upgrades) until I went Mac.
When I was starting out as an electronics tech in the early 70s, HP test equipment was the gold standard, and their test equipment from that era still commands respect and a premium on the used market. That little hp badge on a piece of test gear produced a well-founded reverence for design, quality and integrity. Then they spun that business off (Agilent?) and that's when I think the link between quality and product got mangled.
From my POV, the current announcement is a good thing. Let's hope they can re-focus on making quality stuff again.