Bose-X,
Does not do much to help the average spam can guys wanting to fly under IFR using an IMCR does it?
The places that you can fly into with an IAP that are not inside CAS are very limited.
Not at all sure why you've focussed on the IMCR in your post, as for at least four years this will absolutely affect IR holders more (no flying through the LTMA with mode Charlie only). If you already have a mode C txpdr (and how else could you be currently flying an IAP inside CAS with an IR or IMCR), there is a 4-year upgrade transition period. See the following :-
http://www.caa.co.uk/docs/810/Mode_S_June07_A4.pdf
Happy days ...
FF