Okay, a non-rant post related to the above.
I got a lead to another forum and did some lurking there and have found the following; I would appreciate more experienced triathletes' opinions on this idea.
Running should receive 70% of your focus, assuming you swim "well enough" (defined as ~1:10 IM swim time for the Endurance Nation training plan) and have reasonable cycling fitness. The logic here is that, no matter how crum your swim or how crap your bike, if you can run at or near your PRs in running events off the bike, you will be a better triathlete.
This is, of course, in direct contrast to the logic that I've received from a few other triguys. Namely, that biking is half or more of the total time in a tri and so it should receive the most focus because you can make the most ground there. Then, that your swim can suck and your run just be OK.
Discuss.