Totally agree Johnny. In Look's case, a buyer could take the whole (contiguous) package in one swoop, and hold on to it for future use. Hypothetically, if Look were to go bankrupt, and IC took back their spectrum, in my opinion it would never be auctioned off as one block as it is now --- not to mention the price would end up being much higher in the future with Wimax and all coming down the pipe.
So the spectrum controlled by Look should be more tantalizing (again, this is thinking logically, LOL) as it is now -- one contiguous block -- to a potential buyer than if it were to be re-auctioned off in the future by IC, as one buyer would never get it all as they could now.