Comments regarding the Isle of Wight structure plan 'Core Strategy' close on December 10th 2010 at 16:30! If you wish to make any comments to help save Sandown then please follow the following link and specify 'airport' as the search term.
Isle of Wight Council - Search
Despite what you may have read, Sandown is still operating at present, with an injunction in place to prevent the current owner ploughing up the runway!