a buyback is apple shareholder friendly best just ask buffet who recently commented on the matter. again buffet doesn't own any shares but if he did i am sure he would advise to "trade em if you got em".
anywho a small divy with under a 4% yield is a done deal now. so the question remains will this new untested management make the anouncement at the q2 or q3 miss. my guess is the june quarter.
again the market is in no mood to wait around six months here. oppertunity cost ya think?