I concur, the first thing Ford did right was not buying [more brands specifically] than they could chew [develop].
Although they are no longer a large part in the manufacturing or distribution of Jaguar or Aston Martin they have reacted in such a way to make their business more streamlined and less resource-intensive. They will not only have a faster turn-around than GM/Chrysler, but they will be quicker to develop better products.
IMO, Ford is on the path to recovery. The only thing I don't like is Mercury is still around.. Having a faux-luxury brand undermines the point of having a TRUE luxury brand and then an entry level brand. What they are basically telling their customers is "Fords are cheap - we have the capacity to offer you better interiors and trim levels, but we choose to make some of our products unappealing." What they need to do is put all their Mercury engineers on Fords staff and have them upgrade those units, that way the next generation Taurus, Focus, Mustang, and F150 don't get stale then they can axe Mercury with no real repercussions.
To me Mercury is dead in the water, they say they're fixing it.. but think about it...
What can they REALLY offer? More re-badged entry level Fords?...
If Ford gives them a COMPLETELY unique product line and goes global with it, they will have a reason to stay. Otherwise.. I don't see Mercury doing/offering anything that Ford and Lincoln can't. We all want a Cougar or Marauder on the lots.. but I don't see anything exciting coming from them for a looong time...
But that's just me ranting....