Well I've had a week to think it over now and my mind has settled a bit, maybe not complete satori or nirvana but much clearer. I also spent a couple of intimate days under the Disco R&R'ing the driveshafts. (see my diff lock light thread in the D2 section)
I'm going to agree that the LR3 and 4 are incredible vehicles that continue the Land Rover legend. I feel it was a mistake to drop the Discovery name but that's just my personal opinion because they certainly do take the basic Disco styling into a new generation.
But for me it doesn't make sense. The overwhelming aspect is that the LR3 is so much bigger and heavier than the Disco. I wasn't ready for that, I didn't realize how much bigger it was. It's almost like a Ford Bronco/Ford Expedition comparison. After driving the LR3 my Disco seemed so much smaller and simpler. My personal situation, and I don't want to get too deep into it but all of the kids are grown up and gone and my wife passed away a year ago come March. Maybe I was trying to capture something from the past because the LR3 was the same color, the same price, the same mileage, the same age and being sold at a German car dealership exactly like the Disco was when we bought it back in 2008. I mean it was just down right weird.
Well that's pretty much it in a nutshell. The Disco is still in pretty good shape, doesn't leak a drop of oil and has two new driveshafts. It's a keeper.