Alain Badiou and Bad Metaphysics

I found myself with a book in my hands recently, "Being and Event," which was lauded by some as the most original new philosophy text of recent years. Badiou interested me because of his claim to be doing traditional metaphysics, attempting to solve the problem of the one and the many. Instead, I found his idea for this solution to be lacking, to say the least. To put it succinctly, it seems like a whole lot of gibberish. Let's look at his basic premises more closely in my as-yet-unfinished pretended review of his book Being and Event:
[Actually, I think I'll hold off on this. I initially was going to just write a piece for the blog, which explains why the initial segment was much more colloquial than appropriate for a journal review. I'll put it here when it's in presentable form.]