SOA Governance: Crucial Necessity or Waste of Time?

As I occasionally worked on SOA Governance during the last few years, I took the time
to write up this article on InfoQ (did you know that is a great platform?)

From the intro:

The term "governance" has been regularly appearing in IT publications and conferences for some time, but among technical circles, such discussions are often yawn-provoking at best. This article provides a developer-friendly guide to SOA Governance, starting with the general notion of IT governance down through design-time and the second runtime Governance.

I'm eagerly awaiting your comments...