How to choose a metagenomic sequencing strategy – input wanted

So … what goes around comes around.  In 2003 and 2004, I spent a lot of time discussing and arguing with people about what would be the best strategy for making and sequencing Sanger libraries for metagenomic sequencing for the  Sargasso Sea metagenome study coordinated by the Venter Institute (I worked at TIGR at the time and …