LBIA beat me too it...
...Manchester has 2 airports and Ringway is the second!
Forget Woodford on two counts
1) BAe - nuff said, couldn't organise it.
2) The Air traffic scenario. Their ops are dependant and MAN and would be adversely affected, nullifying the advantage.
Barton is likely to fill the niche market for Business/top end GA that will enivitably get squeezed at MAN. Early morning departure slots ad hoc are already getting hard to come by.
Once Peel ease LAC out of the way (Mar April 07) expect a master plan that shows a lit hard surface rwy. With GPS non-precision approaches just over the horizon the small number of lost landings will outweigh the savings in an ILS.
2010 or there abouts. Bet ya!
Sir George Cayley