So this is going to end up as a draw?
I don't fully understand the finer parts of cricket so what's wrong with the pitch flat and offering nothing to the bowlers?
In general a flat pitch is boring as hell. If there's nothing in it for the bowlers, then they toil all day while it's really easy for the batsmen to score runs. The bowlers don't put 100% energy because they'll just tire out, and batsmen develop lazy habits because it's so easy to score runs.
As an example, look at
this match. It was an awful, awful match. 1500 runs scored, and only 17 out of a possible 40 wickets fell.
It's boring, boring cricket. When you have a pitch assisting bowlers, the cricket becomes so much more exciting. As an example, look at India v England in Mumbai. It was a poor performance by India, but an exciting test match because the spinners were getting turn and bounce.
This pitch is different though. It's so low and slow that batting is really difficult too, so England haven't been able to score runs, and have ended the day having scored less than 200. Here is an article condemning the pitch:
http://www.espncricinfo.com/india-v-england-2012/content/current/story/596918.html