Votes are running on a Church Times blog 4:1 against the Covenant. It has been declared 'not Catholic' (but see excellent response on More Than a Via Media). So the Covenant is not a good idea? I think the question being missed in the plethora of splutterings about the Covenant and its alleged constraining of debate and discussion, imposing of control on individual Anglican churches, and so forth, is whether the Covenant is good for the future of the Communion in its present global, 38 member strong form? And, if it is not, is there an alternative proposal which is good for its future?
Note, I do not find satisfactory those proposals which do the following:
(1) Exalt the autonomy of individual churches at the expense of the existence of the Communion.
(2) Pave the way for a future entity called the 'Anglican Communion' which is a diminishment in size of the current entity with a narrowing of the theological breadth of the Communion to the centre to liberal part of the spectrum.
But if you are part of the 4:1 voting against the Covenant and are happy with (1) or (2) ... no probs! Be happy :)