Exactly. The LTC chain was developed by ArtForz and used a deliberately crappy version of scrypt ( weak parameters ) so that it could be mined with GPU from the start while the rest of us idiots mined with CPU and all this was kept secret from the SHEEP by coblee, ArtForz and other knowledgeable people.
Problem is, it was more profitable to GPU mine BTC than GPU mine LTC. Sounds like a nice scam they had going doesn't it?
LTC is a joke and not a real alternative to BTC.
Yep, LTC's main function was to be GPU hostile, now that it isn't it has no point. There is nothing that LTC can do that BTC can't.
Note : BTC will be named BFLCoin sooner than later ...
Don't worry, people will probe BFL's ASIC's and make their own copies.
I doubt that. The price of making an ASIC is so high you probably have the expertise to design an ASIC from scratch. In which case you probably think you can do a better job of it then BFL and thus you go about making your own.