Snagged - I couldn't disagree more with your last sentiment. What exactly is being watered down? What's actually happening is that the RN is having the legs cut from under it. What is left is a grossly asymmetric force which doesn't really know what its there for. SSBNs and CVF are left as huge vanity projects while the necessary assets to defend them at sea (and make the viable) are being pared to the bone. Utter madness - glad I'm out of it, but not glad to be relying on it for our security.
Edit- where's your post gone?!