I just can't see the punisher wearing red, white, and blue.
Or tights for that matter.
Every time I try to picture it, it makes me snicker.
//edit:Now that I clicked the link and looked at the picture... its not as amusing as what I had imagined, but still pretty fricking ridiculous//
When I heard they killed off Captain America I thought it was a bit odd of a choice, since the cap WAS the Avengers. Really it might as well have been called Captain America and Friends.
Replacing him at all just seems kind of pointless. Replacing him with the Punisher just seems downright stupid. I can't see him really replacing the Cap, nor can I see him wanting to.
It makes me glad I gave up on comics long ago. I read them every once in a while now, whenever a friend buys them or something, but I don't collect or obsess about them anymore. If I did, I would be right and truly pissed about now.