As I said in my previous post, Crowsnest is currently un funded, though the cheapest option on the table will be the aforementioned Merlin/Cereberus combo, as both the airframes and the radars are already paid for and in service. The UK Sea King Fleet (all models) is scheduled for retirement in 2016, an arbitrary figure not related to the actual useful remaining life of the airframes. The usefulness of the 'Sea King Whiskey' as they are known in service (ASaC7) has been amply demonstrated above and beyond normal carrier based ops, and the RN has in effect partially decoupled it's AEW capability from the carriers (though not completely) by reforming the two operational 'flights' (849A and 849B) into full Naval Air sqns (854NAS and 857NAS) a few years ago, allowing them to be deployed into the Stan and the Lybia campaign, flying from desert airbases and HMS Ocean respectively. To my eyes, this clearly signals AEW as a capability the RN will not risk losing like it did last time carriers were axed. Heliborne AEW can be deployed from any ship in the fleet of Frigate size upwards, and partners the T45 very well in task force defence. Provided the carriers enter service as hoped AEW aircraft will be part of the air group, but even with the CATOBAR configuration, I don't see anything other than Merlin ASaC being provided before the mid 2020s simply because nothing else can be afforded in the meantime. What money is available will have to go on completing the carriers and buying the fighters first.
Don't get me wrong, I want Hawkeye! But it certainly should not be Hawkeye or nothing, as that would truly be a disaster. Merlin ASaC will be more than adequate for our needs for the next fifteen or so years, maintaining skills and the principle of AEW as integral to fleet defence.
Priority one: Get the carriers! (2016 onwards)
Priority two: Get the fighters! (2018-2020 onwards)
Priority three: Hawkeye! (2025-)