I literally can't wait to see this project Graham promises for 2011. (Read through the post.) My very small corner of it has to do with a study of why on Earth Zizek would be so hostile to Buddhism (it has to do with withdrawn objects). In general I share the sense that Badiou is massively, massively overrated and really “wrong” as Graham puts it. When you're reduced to saying “transfinite sets, therefore I am correct” you are not too far from the kids in my daughter's playground at school who shout “googleplex!” to stop an argument. (And I'm pretty sure Cantor wouldn't be a Badiouian to save his life.) That and Graham's much stronger argument that until we see right Badiouians, we have to doubt the view.
Another great reason to do this: the “meta” syndrome and trumpery evinced by Zizekians and Badiouians.