1. The "to be or not to be"-issue:
Is it better to have such an entity to promote and advocate bitcoin in public and before lawmakers and journalists? Or should we better stay an anonymous mass without a "face" to stay strong and make the public image not dependant of success or faliure of a single entity (you could call it the "Julian Assange Effect". If I say "we" I mean the community but also respect the decisions and judgement of the members of the board of Bitcoin Foundation over their foundation.
2. The "influence"-issue:
If we want such an entity, how can we keep transparency and public participation opportunities as clear and accessible as possible? Who's got the say?
Do we want a divergence of voting power in contrast to the total userbase in favour of a certain interest group like business owners (2 votes representing businesses that make up less than 5% (data guessed) of the total userbase, while only giving also 2 votes to "representatives" of the remaining 95% of the userbase) ?
3. The "perception"-issue
Some posts in this thread seem to view the Bitcoin Foundation already as a "bitcoin government", combining major powers over the source code and financial power in form of two big (if not biggest in terms of turn around) companies in the bitcoin economy. These worries are justified in my oppinion till it is clear how the foundation works, what powers it really has and what perception of it remains in the community and public oppinion.
I would nevertheless refrain from overestimating any such influence unless it is excerted over decisions concerning the source code that sway from the objective best for the entire current and potential future userbase.
I would therefore like to suggest for the core developers to think over their active role in the board, to prevent any influence over their judgements concerning their work on the source code and reference client and instead consider an advisary role to the board.
I also endorse the fund to pay Gavin's (and all core dev's) salary from voluntary donations made by Foundation members. This way all donors and donations are transparent.