  The time-dependent angular distributions of decays of neutral $B$ mesons into
two vector mesons contain information about the lifetimes, mass differences,
strong and weak phases, form factors, and CP violating quantities. A
statistical analysis of the information content is performed by giving the
``information'' a quantitative meaning. It is shown that for some parameters of
interest, the information content in time and angular measurements combined may
be orders of magnitude more than the information from time measurements alone
and hence the angular measurements are highly recommended. The method of
angular moments is compared with the (maximum) likelihood method to find that
it works almost as well in the region of interest for the one-angle
distribution. For the complete three-angle distribution, an estimate of
possible statistical errors expected on the observables of interest is
obtained. It indicates that the three-angle distribution, unraveled by the
method of angular moments, would be able to nail down many quantities of
interest and will help in pointing unambiguously to new physics.
