It's a bit of a bugger.
Whilst I'm fully in favour of kicking lots of arses over some recent failings, under no circumstances must this be used as leverage to neuter the BBC, as I think the current coalition would like.
Compared to most public broadcasters, the BBC is in a league of its own, and anything at all that dims one of the few shining lights that the UK has would be a very, very grave mistake.
This government is making mistakes, as is apparent by the sheer number of U turns that Cameron has made recently (e.g. fuel pricing...). People do make mistakes. It's allowing them to make amends - visible and genuine amends - that is important, and ensuring that the failing procedures are changed.
But - as is all too common with government edicts fuelled by the baying press - we must not harass an organisation into making more and more errors, or throwing the baby out with the bathwater.
Change, yes - where necessary. In a mature and reasoned environment.
The BBC is important to Britain to allow a couple of - in the great scheme of things - minor mistakes lead to its downfall.
(I'll get off my soapbox now...)