Russell Shaw still thinks Sprint is the most logical buyer of Vonage in light of Rich Tehrani's posting on a $3.5-billion marriage between BellSouth and Vonage. Russell believes BellSouth's conservative corporate nature would probably preclude from making a play for Vonage. So why does Russell favor Sprint? To quote him directly, he says: "Out of all the major national telecom providers, Sprint is the only one without a major, direct-to-consumer VoIP sales play." As for the $3.5-billion proposed price-tag, I think it's a pipe-dream but never under-estimate the enthusiasm of irrational investors excited about a new, hot technology. Rich Tehrani also has some thoughts about how Vonage's valuation should perhaps take into account the hype and valuation surrounding satellite radio service providers - XM and Sirius.