So, assuming that they dump IDS, basically, Michael Howard will assume the title without an election according to the Evening Standard - quite a throwback to the days when a Tory leader simply emerged. Ted Heath introduced voting by MPs; William Hague introduced voting by ordinary members of the Party. Now, they've realised they can't trust their own members, so will be selecting the leader by carve-up.
If they have that low an opinion of their members, imagine what they think of the electorate as a whole...?