This is our through too, but this doesn't seems to go fast : No decision about technical implementation yet on the monero's side. I'm currently digging into the cryptonight algorithm to try to understand it deeply, as I have some simple idea to tweak the algo, I do not know if it is feasible and even less if mining programs can be adapted. Again everybody : any informations about this subject is interresting for me : I need to be feeded :-)

In sum, we strongly believe that it's beneficial to preserve our ASIC resistance. Therefore, we will perform an emergency hard fork to curb any potential threat from ASICs if needed. Furthermore, in order to maintain its goal of decentralization and to provide a deterrent for ASIC development and to protect against unknown or undetectable ASIC development, the Monero team proposes modifying the Cryptonight PoW hash every scheduled fork, twice a year. The modifications will be light, and should not change performance profiles much. The first change is now being tested, and will happen in the coming March fork. Finally, we will continue to research alternative Proof of Work functions that may provide better ASIC resistance than Cryptonight.