Did you really expect the inquiry in the end to achieve it's aims.
You don't strike me as being naive.
How often do you get all party agreement on anything?
The report was accepted by the parliament and subsequently ignored and apparently reneged upon by those in power at the time and now, who seemed to have satisfied their initial objections through negotiation.
**snip
A new system of press regulation established by royal charter and underpinned by statute has been agreed by political parties in late-night talks, and will be sent to the palace for royal approval.
The system of statutory underpinning will be inserted into law in the enterprise and regulatory reform bill on Monday. A system of exemplary damages directed at newspapers that refuse to comply with the new regulatory structure will be agreed in the Commons in the afternoon.
Both sides were claiming victory, but David Cameron, in talks with the other party leaders last Wednesday, had set his face against a charter underpinned by statute. The underpinning clause, now accepted by Cameron, has been drafted by the Hacked Off legal adviser Hugh Tomlinson QC and has been on offer to the Conservatives for weeks.
The prime minister said on Monday: "It's not statutory underpinning. What it is is simply a clause that says politicians can't fiddle with this so it takes it further away from politicians, which is actually, I think, a sensible step.
"What we wanted to avoid and we have avoided is a press law. Nowhere will it say what this body is, what it does, what it can't do, what the press can and can't do. That, quite rightly, is being kept out of parliament.
"So no statutory underpinning but a safeguard that says politicians can't in future fiddle with this arrangement."
http://www.theguardian.com/media/2013/mar/18/press-regulation-deal-agreed-talks