First contribution guys, take it easy on me! I am sure I took it in a totally different direction, but I wasn't trying to, I promise. Your progression leaves many things open for possibility, I just hope I have not stepped on toes as I stumble through. (i think i mis noted the starting position, it's more like 1:58)

my browser player wont play it, curious what sample rate and bit depth of mp3?

44100/256kbps , Firefox 3.6.13 ok

hmmm, something broky here then

oh I see you set the black out at 1:58, I only do that if I'm presenting a mix with sync tone I want to spare peoples heads from getting blown off

someone will have to try to mix it though to really hear it, you might consider presenting a sample mix as well

Sure thing.