As Michael Snow mentioned on foundation-l, given its history, it's probably best to start afresh. To be honest, I think that would be easiest as well.
I think it will do good if we make the upcoming London Meet containing a formal discussion on the creation of a new chapter (assuming WERL dissolution goes through), and precede immediately onwards with a proposal to WMF subsequently.
As such, I have put down my name on planning to go to the Meet on wiki.
KTC