For a metric space (K,d) the Banach space \Lip(K) consists of all
scalar-valued bounded Lipschitz functions on K with the norm
∥f∥L=max(∥f∥∞,L(f)), where L(f) is the Lipschitz constant
of f. The closed subspace \lip(K) of \Lip(K) contains all elements of
\Lip(K) satisfying the \lip-condition lim0<d(x,y)→0∣f(x)−f(y)∣/d(x,y)=0. For K=([0,1],∣⋅∣α), 0<α<1, we
prove that \lip(K) is a proper M-ideal in a certain subspace of \Lip(K)
containing a copy of ℓ∞.Comment: Includes 4 figure