Opps, I meant "THE FOURTH BAND". The place had, was given that name, for a couple of reasons.
There are actually three ledges at that point, not two. One can traverse a higher ledge above Nuclear Waste to access many short Uberfall type climbes from there near the top of the cliff. You can make out a ledge there in the Guide book.
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.