All the opinion seems to be that Lord L will recommend some sort of external regulation of the press. I know it's a difficult call but in general I hope he doesn't.
Some of the people involved in the Leveson inquiry, whether as members or as witnesses, seem more interested in revenge than anything else. To be fair to them, in their shoes so would I be.
Namely:-
Chris Bryant MP. Outed in the most embarassing way. He had a photo of himself posing in his underpants lifted from a gay dating site with his message about how horny he felt and how much he wanted a shag, splashed all over the NoW.
Max Mosley. Paid to be spanked on the arse by tarts dressed up in military uniform shouting orders at him in a cod german accent. NoW posted a video of this on the net and carried the story in the paper as well.
Steve Coogan. On the receiving end of a few cocaine / slapper stories.
Hugh Grant. Story of him getting caught with a hooker in LA all over the papers, complete with police mug shot.
Then you get Tom Watsom MP. Big mate of Gordon Brown. The Labour party's moral outrage at the Murdoch empire seems to have started the day after Murdoch switched the support of his papers from Labour to the Tories.
Then you have Lord L asking Tony Blair on camera, about his ideas for press regulation.
The Murdoch papers committed crimes; fine, let them be punished for the crimes. But don't let politicians or judges get a toehold in telling papers what they can and can't print, because too many of them have vested interests in what they want printed and what they want kept silent.