Do you believe NXT will have any utility in the future or do you think everyone will try to circumvent cutting in nxt holders?
I'm pretty skeptic. I think Ardor is the successor of NXT. That means that NXT will eventually get marginalized if it isn't able to build an own ecosystem. Everybody that wants to invest in NXT and want to see its value grow, should look if he/she can do something to encourage its real-world usage - for example, as an ICO platform, like Jelurida is planning.
Otherwise, I see no way for NXT to hold its current value (temporary "hypes" or "pumps" aside). I would clearly choose Ardor for long-term investments.
From what I get out of all of this, you say what I quoted is incorrect, but I'm guessing only partially. As if people fork 1.11.6 then we get 10% guaranteed. Are we on the same page?
Yes, if you fork 1.11.6+ then the JPL is valid and the 10% would have to be distributed. But older versions use the GPL, and as far as I know 1.11.6 has no drastic improvements over 1.11.5.