As we approach the moment of truth – whether Keith Olbermann and Bill O’Reilly will address the supposed truce between their respective parent companies during their 8pmET shows tonight (we’ll live-tweet it), early indications point to some comment from each.

Let’s lay out what we may be in store for – and why it matters what the MSNBC host has to say so much more.

A report by Brian Stelter in the New York Times, and another by Joe Flint in the Los Angeles Times, reveals a deal that began at the top of each organization, and has led both networks to tamper down the criticism. Now it opens the door to more questions than before.