These are the packages that would be merged, in order:

Calculating dependencies ... done!
Dependency resolution took 1.01 s (backtrack: 0/20).

[ebuild  N     ] x11-wm/pekwm-0.4.4::gentoo  USE="jpeg png truetype xpm -debug -pango -test -xinerama" 796 KiB

Total: 1 package (1 new), Size of downloads: 796 KiB