The Present Duke of Val-Alen is Kail Illendus, who is using the city's importance to gain leverage in his efforts for the throne. Kail is also currying favor with the Shay and to a lesser extent the Dragons, in an effort to cement his position. While Kail is probably the most pro-Elf of the various factions, there is no denying that his stance is more the result of political opportunism then any real convictions, and some leaders among the Shay fear he may toss them over whenever they become inconvenient.
(And now Tonguez--I like the jist of your post, but--well, check out the meta-thread...)