I'm not going to get into the arguments, but two points:
1. Only the Mohonk Preserve can install bolts.
2. A 5.2ish traverse takes you over to the ledge with bolts over City Lights and, further along that ledge, bolts over Kama Sutra.
Yea, while worthrussell watched I got up there to make that traverse. It is not 5.2, at least the way I remember it. You can go left though and downclimb.
The Mohonk Mountain House and the Mohonk Preserve have done a great job protecting the environment thus far, but ... it's all down hill from here http://youtu.be/9AU8fMo8v4k.