I don't really see that as a separate option. Doing this without throwing the public a bone is invitation for more accusations and bad PR, as evidenced by the articles and discussion I've been seeing today. I'd like to think they're not stupid enough to keep letting everyone down without a VERY good reason.
My speculation is that reason is very good, benign, or very bad. If the reason is benign (e.g. Paul simply can't come), I think the way they're handling it is lacking.
Following on my previous comments, at this point I'm guessing they want the newly announced board member present at the unveiling. If that's all it was, I file it under "poor decisions".