How do you know it won't work out as originally advertised by Jared?
Why would I believe that a premined, instamined copy of Myriad has the ability to solve the scalability issue of Bitcoin? Bitcoin, all those other altcoins can't, but this premined, instamined, unoriginal coin can? Give me a break, please... And it's already been delayed. No real details explaining how it will work. Give me a break.
On one of the digireports I think Jared mentioned 8mb block sizes and 18 sec block times. Its not the fastest but it will be the fastest for block sizes > 1 mb.
Blockchain bloat will be a big disadvantage of course but that doesn't outweigh the benefits.