I've said it before and I'll say it again.
Hazard is deliberately flooding us with useless alts and making BTC at the same time.
Evil but genius.
Of course, I have been saying it for a while now, this is a great way to keep the BTC and LTC hash rate lower than it would be if people were not scrambling to mine these other coins.
If i were a Bitcoin miner or Litecoin miner I would be loving this.