Forumosa.com, had organized a meeting with government representatives (http://forumosa.com/taiwan/viewtopic.php?f=8&t=84289&start=0) and the whole affair was seemingly totally embarrassing. The government representatives refused to hand out their name cards, were absolutely uninterested in taking part in the proceedings and were rather insulting than helpful, see the link above.
There is light at the end of the tunnel, you are granted a bit of right if you are married to a local, and that is sure something. Otherwise your shady "bushiban" cram-school boss, if you are one of the countless English teachers here, can feel free to screw you whenever he wants and you do not have any possibilities to get him to do what he or she is required to do by law, is basically the outcome of the meeting.
Building up one's life here is dangerous as you can not enforce any kind of right to stay in the country even after an extended period of time. Well, I am not planning on staying that long [gosh, is it really 5 years already?]
Otherwise you are treated friendly and can usually feel welcomed in Taiwan, at least if you are a white guy, as this matches the image Taiwanese have of an "American" whom they see in a positive light. But still, you have no rights.
[glad not to be an English teacher]