Right, if they have filled up the park with a Volare, Magic Bikes, and Junior Twister - shopped in a couple of old rides, and done that on a budget of 2/3 million I don't understand how that can be argued with.
The Smiler centre piece will probably cost that ;D
What is interesting, is talk of "planning" etc for 2014... if those investments are a filler year, gearing up for a major investment that they actually do well, that actually turns this from a ridiculous decision, to a very, very shrewd one indeed - and arguably better than some of Merlin's filler years!
If they go out and build something major, and well, with the rest becoming supporting attractions - with a holiday park, that can be a massive draw for visitors.
I think this years investments, can only be fairly judged on next years plans.