Job Doldrums

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Hi everyone,
just seeking some advice really, after horrendous viva experience (detailed elsewhere on this forum) I'm now in a position where I'm doing corrections for an MPhil award (not the PhD I was hoping for, but it's a long and highly annoying story)

So my question is this, do I even have a leg to stand on in terms of looking for and applying for academic jobs? Does the MPhil even count for anything in terms of posts? Anyone else been in the same boat and come out on the other side?

Viva examiners said "you should be proud, this is a research degree", but that does not help when all posts specifically say "post DOCTORAL", or specify PhD as lecturer-criteria, what' s for the best I wonder - it's always been about academia for me, I don't know if I can just turn my back on that dream - but do these circumstances leave me no choice?

any thoughts or stories much appreciated.... :-(:-(

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