Especially with it being a SHA.
Yeah, I still don't think it was a good idea... even though in a few years we'll probably have ASICs for every algo which exists today, using another algorithm would at least put off the problem a bit into the future.
The amount we can provide is limted in the grand scheme of things. Frankly there are rigs out there
right now that can destroy the network at any moment. I'm on board with the point you are making, but at the same time it wouldn't have been the same experiment with a different algo.
I understand the point of the experiment, but this coin is, as has been stated before, outgrowing its crib. And while with current 75BTC cap it might not be worth the hassle, if it hits bigger, it can crash very hard when somebody points a terahash miner at it.
And while there are big Scrypt rigs, using an algorithm which isn't entirely hopeless on GPUs would allow all members of the community to try and outweigh the big miners. As it is now, you'd need at least a block erupter, and not everyone has one of those.
So, just my two uPMC - even judging all the points against it, I'd still be advocating a hardfork to a different algo before it's too late.
