Grading...
i think this is even more difficult/mystical then judging pool depth...
1. i think grading is the perception of the paddler for the difficulty of the rapid at that given moment...
a) Mr Hero comes and styles the line...for him it feels like a IV and for the onlooker it seems a III in reality it might be a V...
next day the 'dude' comes back with less style and doesn't make it, gets a solid trashing and comes out after 30sec with a black eye...for him it felt like a V+ for the onlooker like a IV and in reality it was..?
2. as the perception of difficulty changes from paddler to paddler and from day to day, from performance level to performance level grading difficulty is very difficult indeed...
i personally think, that the wide open range (as it is at the moment) gives a decent judgment of what to expect...the rest needs to be on the leaders/paddlers judgement of what goes and what not...to make a grading like in the climbing i think is impossible, as the water is a changing element and your route is not necessarily always the same...
i obviously do like addissons grading (and there's nothing new on it), as one should never forget the exposure once you are in a gorge far away from anything...(but i thought we never do anyway)
the russians (and i think corran was there when he came back with this idea) are using a similar rating...and if you follow there infos you might end up with a monster grade V rapid (grade III in russia) next to the road...and some grade III (grade V in russia) in remote places with helicopter access only...
as mentioned, i think the old rating is good as it is...it gives a lot of space for people to maneuver in...
once it is said grade V then you better be prepared for it even while you have done harder somewhere...but just relying on something/someone which said this is V/IV/A and then going for gold isn't good for me...
eyes wide open (brain too) and believe your guts...if it feels like a V for you then it is one (for you)

...maybe someone comes and runs it in a playboat during flood....
i did 'steal' this swim grading from a mail one day and i think this (anonymus) writer really got the grading right.
shivaoutdoors.com/boathouse/river_classifcation.php