Evening chaps, couldn't be arsed reading the whole thread, but here's my square cut for what its worth.
Great shame about Vaughan, tremendous captain and leader of the side, and an extremely hard act to follow. One consolation would be if he can find his batting form from five years ago, he would be a valuable asset come next years Ashes.
It does look like they're going to pick a captain for all forms of the game, which makes sense. That really only leaves Collingwood and Pietersen, and with Colly stepping down to concentrate on his batting (?) it looks like a one horse race. Strauss would have been the next shrewd choice, to allow KP the freedom to carry on his batting, but he was only involved in the one day squad against New Zealand to provide cover for the injured Cook, so doesn't look likely unless there's a major about face.
As for the Indian League, if KP is made captain, the game is changing in this country and with the riches to be had in the Stanford Cup in the West Indies for the England team, the ECB will make sure there's no defections in that respect (you'd hope).
Anyway, raise a glass for Michael Vaughan, not bad for a lanky Lancastrian!