Personally, I have never really had any issues with regulation, knowing that we will only be deceiving ourselves to think that regulation is not something that won't happen eventually.
While I agree that it's pretty much an inevitability, we don't really have to like it. I know it's going to come with pros but I'd like to delay it for as long as possible. Regulation could easily be the death of Bitcoin's association with freedom.
Either way, the good thing about Bitcoin is that regulation can only really affect its use, not how it works. That gives regulators limited amount of options to mess it up. They can mess with the market, but they can't mess with Bitcoin itself.