It could be a good move depending on how they go about it. Execution is everything. If they eliminate production of models with low sales and little or negative profit, then good move. If they eliminate a product similar enough to another product, yet having a higher cost to produce and producing less profit, then also a good move.
Trimmer can be better if its the fat they trim. If they trim bread and butter models that symbolize values customers associate with the product, and which also have a loyal following, then bad move. Especially if these models are eliminated in favor of new but unproven products.
I think the too many model syndrome is prevalent among many automakers today as they've grown in size and gone after market share in niches that are new to them.
GM certainly suffered from this in the past, and the cuts came too late and its debatable as to whether the right eliminations were made.
I think this has the potential to be a smart move by Ford, but the outcome all depends on what they cut and what they keep. As Ford, from my point of view, suffers from no image problem, I hope the cuts are done to build on the products they do best, and not a half baked way of 'reinventing' a company that doesn't need to be reinvented.
-Spyder