It really makes me wonder what planet the DfT are living on with hairbrained schemes like this, of course as well they also gave the thumbs up to convert the abandoned Luton - Dunstable line into a guided busway.
Apparently as well, theres yet another guided bus scheme proposed in my area too to link Nuneaton, Bedworth, Coventy and Kenilworth
http://www.sprint-there.co.uk/
Cheers
James