Now I ask, wouldn't it be better if we went straight to the ASIC friendly, but easier to commoditize mining chip production algorithm, than going through hardfork after hardfork?
Agreed. Monero's idea of slightly altering the PoW parameters every X months is just whack-a-mole, and doesn't sound like a proper development plan for any serious tech person. On the plus side, at least they are admitting that the PoW they devised to be ASIC-resistant in the past isn't very resistant now, because (omg) technology moves on. (Gosh, is it really 7 years since we developed the first Bitcoin FPGA miners? I still have that dev board lying around.)
Yes, Fluffypony's justification is because
Monero is still a small network. But then are they also planning for the longterm future of the project? Of course, and I reckon they should make determined efforts to deal with ASICs now than going for short term solutions in between.
But if they are doing it to buy time for their ultimate solution then good on them. They are one of the best development teams in the cryptospace for a reason.