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He has been accused of equivocation on Brexit, but as you mention above, Brexit is less of a concern for him than reform of the present paradigm, seen dying on the vine in front of our eyes.
Within or without Europe, the UK faces challenges not seen since the last war, (there was more unity then.)
For Corbyn to support May's fiasco may bring an instant of relief - mostly from the business community, but it would enable May's will to keep her party together to succeed.
The breakout group are betraying their voters who put them there. The decent thing would be to resign and propose themselves as independents.
Failing that at least they have shown their true colours.
There was a while where his fence-sitting was a bit irritating, but when I saw the naked venom May displayed, the true stakes of this (class) conflict came into sharp relief, and I understood why he was keeping his powder dry and waiting until he could see the whites of their eyes before declaring where he stood. He knows full well the problems in the UK go far beyond those conjured by Brexit, and will remain unaddressed (or worse, will degrade further) under Tory misrule.
The Tories are decimating their own hold on power.
Any sharp move by Corbyn will only unite them further. He knows once he declares he will lose a big chunk of his potential GE vote, so he has to hope the the Tories' self-immolation can complete itself before his back is pressed right up to the wall.
Since May is in (putative) power and the main protagonist, he has to mirror from the opposition side her recalcitrance, lack of transparency and ambition to guide the fate of the country, or what kind of opposition would he represent? (NLP 101).
Most of all he has to mirror her relentless playing for time to force change. (Game theory).
Change has to happen, the country is having a nervous breakdown, May (and the ERG and DUP) own this shitshow and deserve the full repercussions to fall squarely on their own shoulders.
He has to take the risk of outwaiting her, watch her burning the bridges and not flinch when he sees what her ham-handed diplomacy is wreaking on the country, because he has to stay real.
His only 'sin' is discretion, with a pinch of realpolitik, not schadenfreude.
The UK has more than Brexit at stake, hard as it is to see under all the faeces flying out of the fans.
He has a hard row to hoe, and cannot afford to be other than reticent until the chips stop falling (where they May!)
The Tories risk being as wiped out as has happened to Berlusconi's party Forza Italia.
These breakawayers are political nonentities, and shouldn't worry him too much.
Brexit is the battle, Corbyn knows this is the best opportunity since Blair for Labour to gain power and change the horrendous inequality that the Tories stand for. That's a class war.
He can't be seen to descend too much into the fray, to enable or disable her own majestically moronic trajectory.
After his visit to Brussels, suddenly the Euro negotiators are talking about a 2 year extension.
After dealing with May's serial dissembling and mendacious red lines, dealing with Corbyn must be a pleasure though there is no painless form of Brexit possible and further delay will cost possibly many more business contracts lost than even the hardest of no-deal Brexits.
Not an enviable fate for Labour to mop up after.
(If it doesn't split itself along the leave-remain axis.)
Gunfight at the OK Corrall has nothing on this.
'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
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