A 'flexible path' forward?, Orlando Sentinel
"One NASA official responsible for charting the agency's exploration of the moon and Mars told a conference of global space experts today that NASA is examining a "flexible path" of exploration that includes manned trips to nearby asteroids. The declaration by John Olson is another sign that administration officials under President Barack Obama are looking to alter the course set in the previous White House, which focused on a return trip to the moon with the goal of eventually landing on Mars. "We're looking at a range of future exploration potential capabilities," said Olson, a top exploration NASA official. That includes "not only the moon and certainly Mars" but other "near-Earth objects," said Olson, speaking at a space summit held a few blocks from the White House."





I think that the biggest advantage of Flexible Path is that it gets us out of LEO sooner than if we had to wait for the development of the lunar lander (in whatever form that eventually takes). As ESA seem very keen to develop a transhab module (possibly based on ATV) and the Russians already have a transhab module of sorts (the Salut/Mir/Zarya module was originally intended for that fuction), international co-operation thus might even pull the first mission further to the 'left'.
There's no reason necessarily to go to the asteriods as a first objective either. Go to EML-1 and study the lunar surface #plus the long-term effects of the exo-magnetosphere environment# for a couple of lunar 'days'. Useful scientifically, near enough to Earth for a quick bug-out if problems arise and it has a significant 'wow' factor of watching the Moon go through its phases from close-up.
As you then have already conquered the first bit - flying there - once the lander completes is budget-delayed gestation it is (relatively) simple to just load it onto the CaLV in place of the transhab and fly the mission. So, we then go on to lunar and asteroid landings having already been in the deep-space exploration biz for a number of years and having already debugged much of the technology and proceedures on less high-risk flights. It worked for Apollo, after all (Apollo 8-10 as debugging missions for Apollo 11)
Augustine-2 teaches us that, as bitter as it is, we must go for the easier-to-reach objectives in order to maintain momentum. This concept might suit that requirement.