Noted. From an investment point LTC mining is still not of significance. Owning 50% of a 4% market is still less than owning 10% of the full market. Additionally, albeit the existence of alternative digital currencies is an important aspect of the whole ecosystem, LTC just doesn't have the same market penetration as btc, which raises the question whether a 4% market cap is already bubble territory, especially since the money supply is really 4-fold in LTC, not the 2:1 relationship now.
That said, friedcat may have the resources (time,money) available to fund a project like that as part of the speculative activity of AM - I'll make sure it gets mentioned in one of the upcoming board meetings.
Right term is Scrypt mining. Scrypt mining is much bigger than LTC mining. Almost all alt coins are based on Scrypt. Market is growing.
http://www.coinwarz.com/cryptocurrency/