Zephi: Black already looks pretty alive on the right (and I suppose it would be pretty disaterous for white if he linked up the two groups). However, it looks like white can put black into a state of terminal atari on the left (since it's white first.) I think it would look something like this:
Niklaus: What do you mean by terminal atari? The best I see for white is a ko to capture three stones on the right.