I don't for a moment believe that Leica will either want to, or be able to pull this off, but I would think that a strategic partnership with Imacon, Hassy and Zeiss would be a great way for them to move forward in the world.
As is often said in the business world, "Grow or Die!" and Leica has been doing a lot more of the latter than the former, much to the dismay of those many who love Leica. I don't honestly believe that anyone in the world doesn't respect Leica products, even the trolls on P-net who try to point out how horrible Leica is in every possible way. Leica simply is at least one notch above in quality of lenses, build, etc. compared to every other company in 35 mm, and all maybe Alpa in all of photography.
The old rivalry with Zeiss/Contax seems silly to say the least. It seems to me like two old typewriter companies fighting with each other 20 years after every houshold owns a computer. With today's corporate mergers and takeovers, it makes no sense for a little company like Leica to value its pride and persist in some antiquated grudge with its old competitors.
Think of how much Leica could accomplish if they could ally with Zeiss and Imacon, rather than simply working with Imacon on an ad hoc basis to occasionally come out with a bastard sensor that may or may not be upgraded, depending on the whims of individual CEO's.
Not to mention how silly it is that a luxury goods manufacturer with no particular interest in photography is one of the primary shareholders of Leica....Just ridiculous.
Obviously Leica would get a lot by working with Nikon, but that's not going to happen either....and I'm guessing that their relationship with Panasonic will be spotty at best too. It's sad to me that such a capable company is so short-sighted, and bases their whole self-worth on a product that acheived market dominance almost 60 years ago.