Skylon's engine cut away may be pretty enough for investors, and inaccurate enough for potential competitors. Just a thought here. I think they may have solved the cooling issues by more than just a more efficient exchanger. I think they may have also found a better method of managing their cryogenics to reduce the amount required.
Hearing a rocket advocate bemoan the innate instability of an inverted force pendulum design is a bit odd.

(I couldn't resist the cheap shot)
Simple solutions... drop the engines before re-entry, fly them back under a steerable wing. (sloppy) The airframe is SO simple.... and I hate to repeat that, considering all of the stresses and cost issues... but compared to the initial development of YF-12 it really is.
Simpler solution...
IF the engine works... and IF it doesn't get locked down by a governmental body... Give a couple to Burt Rutan and the rest of the real innovators playing out in the market and stand back.
This tech is easily applicable to atmo-skip airliners, and cruise missiles, so if it works, it will be popular. Wind tunnels all whistle the same tune, and the airframe will be dependent upon the needs of the powerplant(s).
After all, nothing prevents us from putting this engine on a traditional rocket. Unless you really love lifting unneeded O2 that is.