Nightfall
Sage of the Scarred Lands
Now THAT James make sense to me. Buffy holding a significant portion of the power and the First knowing it. Definately well within it's character to plan for the long term and thus to keep ALL the potential do gooders at bay, concots a plot to keep the Scoobies on Buffy and the guys in LA busy while it (The First) cements it's hold on reality...and then unleashes true hell on earth. Yeah I like this idea the best. 
