[[MtheGM:

The three dots can be used as more than merely the ellipsis ... ··· they can stand in for a - or a — ]]

If that is the position taken by them English rule maker-uppers, I fear pretty serious consequences in terms of people's words being misunderstood or even deliberately used to deceive.

If a scientist says "Global warming is not a hoax. It is probably not only man-made but also very serious or potentially catastrophic," and s/he is "quoted" in an ad or article thus:

"Global warming is ... a hoax. It is probably not ...man-made ... or potentially catastrophic,"

If readers think those ellipses indicate mere pauses in thought, not the omission of parts of the quotation, well ...

I think the ellipsis serves an extremely important communication function and needs its own distinctive punctuation indicator. As with the question mark, sometimes the punctuation can be the only key to understanding the sentence.