He has a point. Moyes is thoughtless to the damage done by taking his stand on waiting until the summer. Even if he does re-sign he's storing up bad blood that will erupt if we suffer any nosedive in the near future. I understand from his perspective why he's doing it and that having no contract to buyout will find favour with a club interested in him, but his legacy is going to be tarnished through it. Of course he'd argue that depriving Everton of a buyout fee is dwarfed by the cash he's brought into the club, but supporters never think like that. It's a matter of loyalty and he's losing a credibility battle on that front with every passing day.
In fairness though mate if did sign a contract and then upped and left there would be more outrage than if he didn't sign at all.
Its's a lose/lose scenario from his POV.
IMO he's already told the board/Billo that he won't be signing and is getting a bit of practice in for his period doing media work while he awaits the 'right offer' to come along.