This move is made by someone who does not understand economics. CH/RS may be an advanced coder (though I'm starting to doubt that seeing his hashrate bug fix/unfixed/refixed issue), he has no clue about economics and market dynamics.
Seems like the economic noob's currency is still much more successful than the one from the pro

Please define success. Does the price on btc-e define success?
Bernie Madoff made a ton of money before he was put in jail. Was his business a success before it all fell apart?