Taiwan's National Unification Council disbanded
President Chen Shui-bian has announced that the National Unification Council will "cease operations" and no longer be funded. This despite US requests to maintain his pledge to maintain support for the organization and its Guildelines for National Unification. The Guidelines called for a three phased move toward reunification.
China has yet to make a statement following the announcement, although it is well known that the Chinese government is likely to see the move as a step toward an attempt at independence for Taiwan.
From the US perspective - our pragmatic policy of supporting Taiwan while not recognizing it as an independent nation, via the one-China policy, is likely to be tested in the coming months - particularly given Hu Jintao's April visit to Washington. As with many foreign policy positions, the US may now have to face how hamstrung we can be by our pragmatism and desire to maintain the status quo.