as an FYI - i have just spoken to the HSMP/WP guys and gals.. and posed to them the following scenario:
* I'm currently residing in the UK,
* I've had the initial HSMP approval for one year, and now i have to extend the HSMP
* Since i'm NOT going to meet the new criteria for extension, can i migrate directly to the WP scheme without having to reapply for the HSMP?
Their answer:
As long as you meet the criteria for the WP application (i.e. have been working for 8 months if on a 12 month HSMP visa), you can apply directly for the WP without having to apply for the HSMP extension first.
Hope this helps (it's a bit of positive news amid all of the current doom and gloom).

higgie