A report which aims to revolutionise the arts in Wales will be published later.
A review has rejected assembly government plans to take over the funding of the six major arts companies from the Arts Council of Wales.
It was commissioned after the assembly government was forced to halt plans to overhaul arts funding.
Instead, the review recommends a new arts board with representatives from the arts council, assembly government and other public bodies.
Opposition AMs forced Culture Minister Alun Pugh to postpone plans to fund Wales' six biggest bodies directly and not via the Arts Council of Wales.
The board, chaired by the culture minister, would oversee arts strategy.
It is expected the report will call for changes, with the aim of offering abetter service for the whole of Wales.
The review was commissioned after AMs rejected assembly government plans. The assembly will debate it on 6 December.
Elan Closs Stephens, the chair of the review said it would offer a "fresh, radical, practical" approach.
The report had been trailed as offering a 'fresh, radical, practical' approach to the arts.
In 2004, the assembly government announced it would take over many of the duties of a number of Wales' unelected culture, sport and countryside bodies - known as quangos - including the Arts Council of Wales (ACW).
Politicians of all colours are lining up to praise the review as some of the finest prose Wales has come up with.
There is an opportunity here for Wales to provide its own distinctive contribution Elan Closs Stephens
But it is has to be said here, if nowhere else, that it is difficult to see where the fresh and radical stuff is.
As part of the changes, the assembly government planned to take away from the arts council the direct funding of six organisations - Welsh National Opera, BBC National Orchestra of Wales, Diversions dance group, Clwyd Theatr Cymru, Academy and the National Theatre of Wales.
Arms length
But opposition parties argued this would breach the principle of "arms-length" funding of the arts - separating the politicians who hold the purse strings from the artists who receive the money - and could lead to political interference.
Much of the practical element seems to amount to the creation of the new arts board - yet another committee, something we are all too familiar with.
The Stephens Review, which will be presented to Mr Pugh on Wednesday, considered ACW's role, relationship with government and the way arts bodies are funded in an international context.
Opposition politicians had argued that directly funding Welsh National Opera; the BBC National Orchestra of Wales; Diversions dance group; Clwyd Theatre Cymru, Academi and the National Theatre of Wales would breach the "arms-length" principle.
'Real change'
The AMs had said it was important to keep politicians' hands off the purse strings to prevent political interference.
Ms Stephens said it followed a "period of instability" for the arts in Wales.
No doubt they are now happy with the idea that culture minister Alun Pugh wouldn't get his mittens on the cash.
She said: "There is an opportunity here for Wales to provide its own distinctive contribution to an international search for best practice in funding the arts.
Compromise
She added: "We believe that the proposals in the report offer a fresh, radical, practical and effective channel for delivering real change."
Mr Pugh could take comfort in the fact that, if the proposals are implemented, he'd have a seat at a table allowing him more involvement in funding issues involving the big six arts bodies.
The review looked at arts funding in other countries, including Australia, Germany and the Netherlands, as well as other countries in the UK, and will be debated in the assembly on 06 December.
Ms Stephens said there had been 'instability' in the arts in Wales
But the solution is a classic Welsh public sector compromise - get two opposing forces together in a committee and sprinkle a few other organisations around the table.
It doesn't stop there.
More committees would be established at regional level to link the arts council with local authorities.
Andy Warhol predicted that in the future everyone would be famous for 15 minutes. If he was looking at Wales these days perhaps he'd observe that soon everyone will be on 15 committees.
The independent review, chaired by Elan Closs Stephens, recommended that the existing arts council and culture board should be retained - rather than one of them getting the chop.
The council's role would be to concentrate on arts development.
The report also calls for incoming assembly governments to publish a charter underlining artistic freedom but setting out a strategic political direction for the arts in Wales. It won't make much difference, but it sounds good, doesn't it?
Over the next few days, we'll hear lots of Wales' great and the good praising this report as simply marvellous, brave, radical, clear and so on.
Whether or not the arts in Wales is any healthier today than it was yesterday is another matter altogether.
What do you think about the suggestions outlined in the report? How should the arts in Wales be run? Let us know using the form below.