I'd add more. But why? The title covers it. I can understand why Beastweek happened, since Newsweek's print editors understand the Web about as well as they understand theoretical particle physics. That it's going to be an AOL/Time Warner-level disaster is not in doubt.
But it'd be a damned shame to kill Newsweek.com because of it. It's not a site that I always agree with, but it's a damned sight better than the Daily Beast. Of all things.