I dunno about corrupt, but I certainly think that the BBC has lost its way in a major fashion.
I spent an interesting few weeks last year working at the Beeb on a short term contract and happened to share an office with some of the guys who were working on the iPlayer, as well as other 'new meedja' projects, and it was a crying shame to see such obviously talented people hobbled by endless layers of management (of varying degrees of ineptitude) and suffocating bureaucracy. The iPlayer has had a troubled gestation (well documented elsewhere) and this whole thing reeks of a rush job dictated from on high.
It was even more of a shame to see such an organisation in grave danger of disappearing up its own fundament, a process which seems to have accelerated since the departure of Greg Dyke and co. Whilst protesting against Redmond's apparent subjugation of dear old Auntie may have some effect, I fear that much more fundamental changes are required - like finally biting the bullet, abolishing the TV license and going commercial[*]
[*] - not that it bothers me overmuch. My TV died last year and never got replaced, and the TV tuner for my laptop currently resides on eBay. TV? You can keep it ... I'll settle for Radio 4.