Only if your goal was to hold a bunch of coin with a sub 60 Mh/s NET HASH.

In all seriousness would you call that a secure coin?  With a block reward of 8 or 4 what are the prospects of a higher hash in the future?

Assume that the devs were 150% behind the coin and the current price was 5x, 10x these levels.

The answer to those two questions is still No, and No.

I'm not mining any coin...  And I am coin agnostic in regards to what used to be a basket of 10, probably closer to 4 now.  

Just in time for spring/summer  Who knows what the fall will bring.  I'm sure it will be a completely different landscape.