Whither Managers?

Well, it's been a good number of weeks since the last Managers' meeting, and
nobody seems to have noticed their absence. The latest GLEP will require a
vote by the mangers before it can be approved, but it's not clear to me at
the moment what else requires a gathering of managers. So, what's next?
Ditch the managers' meetings altogether? Convert the meetings to general
Developer meetings? What about the managers themselves? Do we actually need
a representative meritocracy? Do we have one now?