The proposed merger of AT&T and Bell South has some very interesting implications for the whole two-tier Internet/net neutrality debate (which we’ll be covering separately), but as far as Internet Yellow Pages (IYP) goes, the story is pretty ho-hum. After all, the companies are already partners in YellowPages.com, and they’ve already defined their ambitions in the area. But here’s one semi-farfetched idea. Should the two-tier Internet come to pass, would YellowPages.com or other AT&T-owned content (like IPTV or VoIP) get precedence over that of competitors? It’d make sense. Not that YellowPages.com content currently needs such fat pipes, but we’re talking future here.