We discuss a new strategy for the computation of the Hopf-cyclic cohomology
of the Connes-Moscovici Hopf algebra Hn. More precisely, we
introduce a multiplicative structure on the Hopf-cyclic complex of
Hn, and we show that the van Est type characteristic homomorphism
from the Hopf-cyclic complex of Hn to the Gelfand-Fuks cohomology
of the Lie algebra Wn of formal vector fields on Rn respects
this multiplicative structure. We then illustrate the machinery for n=1.Comment: Minor revisions to highlight the main result