At the risk of sounding cynical, the Register can be ignored indefinitely. Wikipedia's continuing commitment to open content and open processes are the best rebuttal to claims that it's all being run by some shadowy elite.
When Wikimedia Foundation representatives are asked questions about the fuss, they should be well informed and well briefed on the truth behind the stories. Wikimedia has the high moral ground, and an excellent relationship with the mainstream press. With those assets, the fuss generated here can be set into perspective with ease.