[1] On 12 March 2001, the Polar and Cluster spacecraft were at subsolar and cusp latitudes in the dayside magnetosheath, respectively, where they monitored the passage by Earth of a large-scale planar structure containing the high-density heliospheric plasma sheet (HPS) and the embedded current sheet. Over significant intervals, as the magnetic hole of the HPS passed Cluster and Polar, magnetic field strengths |B| were much smaller than expected for the shocked interplanetary magnetic field. For short periods, |B| even fell below values measured by ACE in the upstream solar wind. Within the magnetic hole the ratio of plasma thermal and magnetic pressures (plasma b) was consistently >100 and exceeded 1000. A temporary increase in lag times for identifiable features in B components to propagate from the location of ACE to those of Cluster and Polar was associated with the expansion (and subsequent compression) of the magnetic field and observed low |B|. Triangulation of the propagation velocity of these features across the four Cluster spacecraft configuration showed consistency with the measured component of ion velocity normal to the large-scale planar structure. B experienced large-amplitude wave activity, including fast magnetosonic waves. Within the low |B| region, guiding center behavior was disrupted and ions were subject to hydrodynamic rather than magnetohydrodynamic forcing. Under the reported conditions, a significant portion of the interplanetary coupling to the magnetosphere should proceed through interaction with the low-latitude boundary layer. Data acquired during a nearly simultaneous high-latitude pass of a Defense Meteorological Satellites Program satellite are consistent with this conjecture.