While I await the full proposal as eagerly as everyone else (without that, we're all swatting at shadows) one general word of caution: be careful what you wish for...
If a "perfect" solution is impossible (which, given all the mutually conflicting interest groups, seems all-but-certain) then at some point one needs to say "Ok, I can see that this isn't perfect, but it's realistically as good as it's likely to get" and grudgingly back that particular outcome. Failing that, there's a real risk of opening the door again to something much worse.
What I'm saying is if, at that point, the objection is "well, there are still XYZ flaws" that's a valid objection, but it's worth first considering if there is ANY plan with fewer flaws. If not, and if the plan being presented is the "least worst", then surely it's better to support it than to move to an even worse one.
In other words, if "10" represents an unattainable ideal solution and the plan on the table rates an "8", then if there is no other feasible plan that would ever rate above an "8", it's worth supporting the plan worth "8".
The above applies to ANY proposal/counter-proposal - not necessarily just to Nominet's V2.