I know that the pictures are not exactly conductive to a positive mindset, but contrary to what's being reported in this month's Flypast the whole fuselage will be going to Brooklands. An announcement was made by the museum director on the Flypast forums a short while ago and this was also posted on the fence surrounding the aircraft at Cosford. I'm sure that more news will follow shortly.
Certainly preserving a whole aircraft is everyone's dream, but with the state of the aircraft, a parking space and restoration and transportation costs to consider, I'm sure that this is a more palatable outcome for G-ARVM than what happened to the 707 and especially the Trident.
Only click on this link if you've got a strong stomach:
Scrapping of the tail section of 'VM.
'VM's reaction to all this