Anyone that wants to reset simply has to start their own blockchain.  If you can get a bunch of people over to your chain, then you can distribute however you want.

I admit I'm a bit annoyed that I didn't buy in when I first found out about bitcoins 2 years ago.  I was going to download the client, but since it was peer-to-peer I thought it would clog up my network like BearShare.  Now that I know more about it (too late) I realize that it takes almost no bandwidth at all.  I was going to buy some bitcoins on the market at 1/4 of a cent each instead, but I never got around to it.

That being said, I would be against resetting the bitcoins.  It would be the ultimate moral hazard, and would make you no better than Mr. Bernanke and Co.