I think that you are missing the most important words in your final assertion, I have rephrased it into what I think is the more realistic phrasing.

"Microsoft is happy that the Mono project gets more people to learn and use .Net. We can point to it if anybody complains that .Net isn't portable. But it ever poses a threat to us we reserve the right to ATTEMPT to pull the rug out from under it, and with the bumbling of our legal counsel, there is a good chance that all we would do is smear a bit of mud on our own faces, and all of this assumes that these actions don't place us in further danger of severe Justice Department and EU sanctions.".

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