Thanks, all of this input was exactly what I was looking for. It may be time to focus my attention towards litecoin, Is that taboo in these parts?
Not taboo, but not the subject of this forum either. Better forums are the Alternative Cryptocurrencies subforum over here or the Litecoin forum (forum.litecoin.net).
There are many miners that mine altcoins using GPUs rather than buying ASICs for Bitcoin mining, so your idea is far from uncommon.