I've entertained a similar hypothesis myself.
As for its relation to SL4, I'd say that it sounds roughly right - I wouldn't go as far as to say that there was "no real subject matter", but it's true that the list eventually ran out of worthwhile things to say that hadn't been already discussed.


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I'm in the process of writing a summary and analysis of the key arguments and points in that debate.
The most recent version runs at 28 pages - and that's just an outline.