Alright, let's give this subject a rest for a while. We are starting to hear the same arguments being repeated, and I am not going to contribute to that now. Allan is quite burdened with a lot of personal mail (about TextMate) at the moment, and has little time to read this list. I am helping by keeping him up to date with what seems to be the most common discussions.
For now: If you can't stand the editor because of the lack of prefs, don't use it. I am not trying to scare people away, but seriously... a prefs window is not about to appear in the next four days, so... now that you all know it's not there and won't look for it anymore, try to see what you can do WITHOUT it. Justin made a good point about this earlier as well.