We relate previously defined quantum characteristic classes to
Morse theoretic aspects of the Hofer length functional on
Ham (M, ω). As an application we prove a theorem which can be interpreted
as stating that this functional is “virtually” a perfect
Morse-Bott functional. This can be applied to study the topology
and Hofer geometry of Ham(M, ω). We also use this to give
a prediction for the index of some geodesics for this functional,
which was recently partially verified by Yael Karshon and Jennifer
Slimowitz.