Good thoughts Matt. I tend to agree with just about all of that.
The only way that Hughes has a chance in this fight is to be relentless with his takedowns (which I think he will be), and not eat a head kick or knee on the way in. I think that the only place Hughes is better than GSP is his jitz, which I wouldn't say is even all that much better.
St. Pierre owns him on the feet and his wrestling is probably equal, not to mention GSP's takedowns are more explosive and his takedown defense is second to none. Hughes will have to keep working that takedown and hopefully get top position and smother him, but I honestly can't see him being able to do that either.
Lol I'm trying to convince myself of ways Hughes can win but I can't seem to do it. Fact is, St. Pierre is a better all-around fighter. He was way more tools to defeat Hughes than the other way around.
So I can definately see this being a make or break fight for Hughes. This division is way too deep for him to make his way back to the top if he loses, seeing as he only wants to fight 2-3 more times. Not to mention that the talent in the WW div is top notch, so who's to say that Hughes would even make his way past guys like Fitch, Kos, etc.
So basically what Matt E said is fairly true. Look at this as Hughes/GSP II, then GSP/Serra again...and we live happily ever after.
PS - Watch Hughes mop the floor with GSP now, thats my luck.
