...if you do want to book a tour then make sure you are well covered with your insurance, just in case.
I certainly agree with that! In fact, even before the recent GNP problems, booking a trip to the Galapagos without travel insurance was risky. On our trip a few years ago, almost everyone had some kind of flight delays (even with different itineraries/airlines), and lost one full day on the boat as a result.
Frankly (and no offense to any Ecuadorians in the group), I think booking trips to ANY third world (or "lesser developed" or whatever you want to call them) without travel insurance is a real crap shoot... I think we'll see a lot more dive operators worldwide go under the next few years due to $90/barrel oil prices.
If you get travel insurance from one of the reputable companies (e.g., CSA), you should be covered for whatever problems occur. But I wouldn't wait until after you make your big deposits on a trip because if an operator (or travel agency to whom you've paid your money and who may or may not have forwarded it on to the dive operator) folds before you buy the policy, you'll be out whatever deposits you already paid.
BTW, I recently read an article about www.insuremytrip.com -- they have dozens of travel insurance companies and make it easy to compare policies. Some companies charge based on age, and others don't, so if you're reasonably young (under 50), you can do FAR better with the age-based companies.
I think the bottom line on Galapagos trips next year (especially late next year) is that the licensing thing will be resolved and they'll be operating smoothly. Since NONE of the dive boats (including Aggressor and Hughes) can operate next year without the new (yet to be finalized) licenses, I think they'll get the licenses figured out around year-end. There likely won't be any land excursions for dive boats any more, but that's not really what you go there for anyway.
So...get some good travel insurance and go! Don't let the uncertainty keep you from some of the best diving anywhere in the world!