I saw this module the other day: http://drupal.org/project/inheritedformatter

It has a different approach to inheriting CCK values, but the same results.
It is probably worth having a dialogue between module the maintainers.

Comments

itangalo’s picture

Issue of possible duplication can be found here: http://drupal.org/node/927198

bomarmonk’s picture

Here is even another approach to inheriting field values from another node: http://drupal.org/project/inherit

Maybe there is something in "content inherit" that could also expand or combine with the functionality here.