The good news is that the government's (informal) reaction is less than enthusiastic:
Mr Key said he didn't have a strong view on the proposed changes.
"The National Party's view has been not to support those changes," he told Radio Live this morning.
He said some of the changes could lead to more volatility.
Or, in normal language, "meh". National just isn't interested in voting to eliminate its coalition partners from the political landscape (and those parties aren't exactly keen themselves). Whether this means they adopt only some of the recommendations, or just shitcan the entire thing, is unclear at this stage - they will respond formally at a later date. But either is better than what is being proposed. I'd rather have no change at all than a regressive one which reduced political diversity and the proportionality of our Parliament.