The Bookseller have posted the follow up justification that Hachette are using for justify their switch to the agency model:
"While the process of their introduction may seem a bit bossy, the point of agency terms is to create a level playing field for large and small booksellers alike and we believe most people will quickly come to understand that the outcome is supportive and fair to all".
Um, no. Forcing ebookstores to sell at you price is not fair to customers. From the other side of the counter it looks like a colossal "screw you".
P.S. If I ever get the chance, I will return the favor.