Well-put and a legitimate position to take, though I do have to raise eyebrows at some of the final bulletpoints (elected Lords? It's not in the Coalition agreement and the Tories would never, ever allow it, and the science spending commitment has since been reneged on [quietly], ditto the Green measures mentioned, and also the right to recall is as good as dead nowadays, ditto fixed-term parliaments, although the latter might make a comeback if Cameron doesn't go for his rumoured 'election in May 2011' strategy). Also, I'm not sure in which universe Iain Duncan Smith can be described as a moderate or One Nationer.
This thread isn't in Chat, though, so I'll leave it there - thanks for directing me to your reasons, it gives me some insight into the people who are still in that party. On some occasions, when I meet members (particularly Young Liberals) I am overcome with an unpleasant sensation, much like that which I experience when speaking to BNP members on 'The Doorstep'. Perhaps I'll look at them differently now.
Looking forward to the next update, Roem!