A fair summary, Tedi. Nothing is going to persuade either side to change their minds. But to say that it isn't an argument to be had is absolute toss.
I suspect the reason Rangers fans don't point out any favourable court comments (is that true - I can't be bothered trawling back through a thousand pages to check) is because they're wary of where the arguments might lead, worried about the gotchas. It's a bit back-to-front though: normally when someone makes an extraordinary claim such as life-after-death, the onus is on them to provide the evidence to back it up.
I've thought about this over the past couple of days and there are really two issues here.
The first one, about Rangers being a new club or having some level of continuity, is to the fore at the moment. When it comes down to it, you're right to say that it doesn't really matter. It's all about bragging rights over the previous 100 years of history. I couldn't give much of a feck myself. It rankles a bit since it offends my sense of fair play but I'm more interested in today and tomorrow not leagues and cups won before I was born.
The other issue, how Rangers ended up in the situation that led to them going bust is a bit more serious and needs to be addressed so that we ALL know we have a fair and level game in the future. If any club is allowed to cheat the system (side letters on EBTs, over-spending to the point of recklessness), go bust and then start all over again with history intact, what's to stop another club doing it again?