I found an interesting report about the infamous 2006 California Libertarian Party cruise convention on a Yahoo Group archive.
The author, "Paul," writes in part: "There was a transparant plan on the part of a small pro-war minority in the party to take over and toss our principles out the window. They planned this cruise to exclude as many real libertarians as they could and to outnumber us and outvote us. They succeeded and now the LP is dead."
That was in 2006. While the antiwar faction struck back in 2007, I don't think things have improved overall in the LP.
Read Paul's full report here.
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