The bottom line?
The fundamental issue seems to me to be whether a TLD registry is a public service or a vehicle in support of registrars' profit making businesses. It's not at all surprising that the behemoth registrars such as Gd supported Nominet against the challenge - they have the same ambitions it had (has?) - to make a lot of money out of registrations. My personal view is that in the modern obligatorily connected world a TLD registry should always be a public service (as Nominet started out to be), just like all other essential utilities. The greatest danger now is that money still screams.