Microsoft has made a bid to acquire Yahoo at $31 per share. Blodget says that it's a cunning move, given that the price would have seemed "absurdly low" as recently as six months ago. Yahoo shareholders will have much to consider with this offer--as the company's outlook for performance in 2008 was murky at best, and the deal would come at about a 62% premium over the price of current shares. Still, there's something to be said for autonomy and relative "nimbleness." If one of Yahoo's primary faults is that it is hard to get projects …