We discuss the puzzling experimental results on baryon-antibaryon production
in e+e- annihilation close to the threshold, in particular the fact that
sigma(e+e- --> nbar n) >~ sigma(e+e- --> pbar p). We discuss an interpretation
in terms of a two-step process, via an intermediate coherent isovector state
serving as an intermediary between e+e- and the baryon-antibaryon system. We
provide evidence that the isovector channel dominates both e+e- --> pions and
from Nbar N annihilation at rest, and show that the observed ratio of
sigma(e+e- --> nbar n)/sigma(e+e- --> pbarp p) can be understood quantitatively
in this picture.Comment: 13 pages, 4 figure