Yes, there is nothing wrong with Ripple.com. Its a fully featured system, but XPM itself is just another alt-coin.
Nothing wrong with that, right? No one is forcing you to use it. If you have a financial interest in seeing BTC win, then that's just as legitimate and you are free to boycot it or to try to come up with a superior BTC-based solution. I'm agnostic about this, the more solutions the better, and market forces will sort out which ones will survive. I don't care which one wins, and it's even possible several ones wil coexist. In the short run I expect Ripple and Bitcoin to be enormously synergistic, and to me that's the most important thing, since that will make it likely P2P cryptocurrencies will take over the world. Which one ends up winning isn't that important.