This is a very good strategy for Hummer. Putting DI and Diesel and other fuel efficient technologies in Hummers will help with CAFE and help with brand image. Killing the H2 was also a good move, IMO for the same reasons.
As for the diesel, if the 4.5 is too large for the H3, and GM goes with a 6 instead, I assume it would be the 2.9 being developed for the CTS and others. I hope GM is not developing a 6 cyl diesel JUST for Hummer -- that would be a waste of resources that are desperately needed in other areas.
I agree with the previous poster that GM is doing the right thing by cutting down the number of engines that it develops, saving money by avoiding redundancy. Looks like the "value" engines are on the way out, which is fine, but I would like to see a smaller DI V-6 offered as well. Essentially, ditch the non-DI 3.6 and make a 2.8 DI with similar power (or maybe slightly less), but better fuel economy.
Also, where in the he!l are the biopower engines? For those of us who have access to E85, we would be glad to pay a premium price for an E85 capable vehicle that gets as good or better mileage than a comparable gasoline car (i.e. to be able to use E85 without paying a fuel economy penalty).