One thing to really like about Primecoin XPM, is that the 'hash' work is actually doing something which may end up being useful to science: mining prime numbers.
But couldn't the 'hash' nuts-and-bolts work of BTC be converted later to do useful work... such as database analysis of astronomical data?
Forgive the terrible newbishness, I'm still getting a handle on the entire concept of alt-currency.