Greg - sorry I haven't gotten back to you, I've had a couple of crazy days. In fact, I'll have to keep this short as I need to get out and finish putting the engine on the 240 back together. I'll work on a detailed counterpoint this evening; trying to incorporate the arguments presented in this thread (well, the cogent ones anyway

). A couple of points I did have though, and you guys in favor of SBs can rip them apart or endorse them as you see fit:
1. the GCR definition of 'bushing' is not really relavent here; I don't believe it was intended to define suspension bushings, rather just as a broader general definition of bushings (e.g. "holes drilled in the roll cage shall be properly bushed..."). If you do a google or yahoo search you'll find that at least half of the definitions from automotive glossaries define bushings as 'a type of bearing'.
2. if you're going to stick with the strict, literal interpretation that only the material may be changed, you're not only going to rule out SBs but also many other types of bushings commonly used, effectively defeating the intent (as I understand it anyway) of the rule. For example, the stock suspension bushings on my 240SX are all basically the same; a solid (steel in this case) outer cylindrical sleeve, a solid inner cylindrical sleeve, and a compliant (rubber) 'filler' material between the two, all bonded together to create a single part.
Now look at the spherical bushings available from SPL Parts: they consist of a solid outer sleeve, a solid inner sleeve, and a spherical bearing attaching (between) one sleeve to the other, also allowing one part of the assembly to rotate independently (which the OEM bushing does not) of the other. Obviously not just substituting one material for another, but changing the design of the bushing. No disagreement there.
But, now let's look a the Whiteline polyurethane bushings for my car, which I believe are similar to many, if not most, of the poly bushings made for other cars. They have NO outer sleeve, a solid inner sleeve, and a compliant filler material between the inner sleeve and the control arm. Furthermore, the bushing is designed so that the inner sleeve is free to rotate independently of the polyurethane. Same design as the OEM units? Not even close IMO.
The point I'm trying to make is it would appear to be generally accepted that in order to incorporate different materials into suspension bushings there will naturally be some changed in the
design of the bushings, either to a) accommodate the needs of the new material or b ) take advantage of the strengths of the material. The question then becomes not
whether we will accept some change in the design, but
how much change in design we are willing to accept.
As I said, I'll try to send you something this evening. If anyone here has anything they would like included in the pro-SB side, you can pm or e-mail it to me and I'll add it to the response. I think once the entire letter is ready we should probably post it here, not so much to invite debate on the subject, but to allow for critique of the content and ensure we are presenting both sides fairly.
edit: damn, and I said I was going to keep this short!