I wasn't on this site when the schism took place, so I've missed a fair bit of info, but I'm in favor. Does seem like it could only be a good thing: it's better to have everything in one place, rather than spread around.
TFES, by the look of it, seems to be better purely from the benefits of having been designed later, when flaws and issues of this forum were already known: better to create a better forum when you're starting from the ground up. It also seems to be the only place where serious FEers are. This site has the advantage of age, and the volume of content.
Merging and getting the strengths of each, as the proposal seems to be, would be ideal.