Interesting blog from itskeptik (http://www.itskeptic.org/isacas-new-strategy-cobit-and-its-future-impact-it) on the newly announced strategy from ISACA and its possible implications for itSMF, particularly in the potential synergies and overlaps between CobiT and ITIL. itskeptik has interesting perspectives on the relative strengths and vulnerabilities of the two organisations. With so many of the world's enterprises now making use of CobiT and/or ITIL the views expressed in this blog are likely to be of interest to many.
Both organisations, as well as external commentators such as Gartner and Forrester, have recognised for some time that CobiT and ITIL should be regarded as complementary and not competitive. Therefore there is perhaps much to be gained by a closer working relationship between the two bodies. There is already significant overlap at volunteer level between the two organisations and shared initiatives have already taken place on, for example, detailed mappings between the ITIL, CobiT, Val IT and other frameworks. Although marriage between the two organisations may remain unlikely, volunteer and user pressure may lead to a more formalised working relationship going forward.
Both organisations, as well as external commentators such as Gartner and Forrester, have recognised for some time that CobiT and ITIL should be regarded as complementary and not competitive. Therefore there is perhaps much to be gained by a closer working relationship between the two bodies. There is already significant overlap at volunteer level between the two organisations and shared initiatives have already taken place on, for example, detailed mappings between the ITIL, CobiT, Val IT and other frameworks. Although marriage between the two organisations may remain unlikely, volunteer and user pressure may lead to a more formalised working relationship going forward.

Thanks for that Paul. We are in agreement - I just take a slightly longer term view. In the shorter term there is crossover of people, though i must say almost none at the local level here in NZ - I suspect it is at the "boffin level". Buit looking out longer I don't see it sustainable to have both for one simple reason: the end users don't want two. the whole appeal of ITIL or COBIT is a packaged solution with a label on it. This idea that organisations have to handcraft their own custom mixed solution from the multiple available frameworks is crap. Accountants don't design their own GAAP.