In the last hour - as they say on the BBC - Sir Menzies Campbell has sat down after delivering his first annual conference speech as leader of the Liberal Democrats. And first off, I have to say that the speech contained many good things, notably some judicious and well-founded attacks on the two main parties.
Yes, Tony Blair has squandered an historic opportunity to build a progressive consensus. Yes, the gap between rich and poor is now wider than it was under Mrs Thatcher. And yes, a Government which came into power to "save" the NHS is now closing hospitals.
As for David Cameron - well as Ming oh-so-rightly said, where was he when Mr Blair was allowing Britain to be sucked into its biggest foreign policy disaster since Suez? In the Government lobby backing military action against Iraq, that's where.
All good stuff. But political parties - especially those that aspire to be "serious," cannot live by attacks on the opposition alone. And as their conference week in Brighton draws to a close, I am still struggling to work out what the Lib Dems now stand for - other than not being Labour or the Tories of course.
During the last two elections, the party at least had a unique selling point. Okay, so the 50p top rate of tax was more of a symbol than a genuine instrument of redistribution, but it was a potent symbol nonetheless that put clear yellow water between the Lib Dems and the other parties.
Now the party has ditched it in favour of a fiendishly complex set of tax proposals, the main effect of which will be to take hundreds of thousands of middle-income income earners out of the 40pc bracket and into the 22pc bracket. While this might well prove a vote winner if the Tories or Labour don't nick it first, progressive taxation it isn't.
As for Sir Menzies himself, besides the palpable decency and obvious statesmanlike qualities, where was the spark, the star quality that is going to force the public to stand up and take notice as they did with Cameron a year ago?
I listened to today's speech open to being convinced that he is the right man to lead the party. But alas, I remain to be.