I agree with your sentiments that the Live Chat can seem very disjointed, especially as one always jumps into it in the middle of a discussion between other people. During the live (moderated) chats with Randy, I've often found that the chat applet isn't working correctly. For example, there are times when some of the responses don't show up, or other times when I only see Randy's answers, but not the questions that people asked.
doc: I prefer the traditional boards more too, so I must confess that when I listen in on the live chat, I have a second web browser window open surfing the FT bulletin boards of course!
FewMiles..