its is the time for the dev to fork the coin and change the algo that is asic resistant.
No, it's not. ASICs will not be efficient mining Scrypt and Scrypt N.
It's bs
"We are using on chip memory. N=16384 is the highest factor."
and
"As Scrypt-N is more memory intensive our hardware will mine at a proportionally lower hashrate as the N difficulty increases. For example, we mine at 2.5MH/s per 10MH chip on Vertcoin."
so, not 5MH/s like GPU farm?

If it's true (I really doubt), it seems:
N=4096 -> 625 kH/s
N=8192 -> 156 kH/s
N=16384 ->
39 kH/s
while the same 10MH/s scrypt GPU farm would have:
N=4096 -> 2.5 MH/s
N=8192 -> 1.25 kH/s
N=16384 ->
625 kH/s
more than one order of magnitude better

if it is still not enough:
N=32768 - and Game Over

btw:
http://download.muuttuja.org/yacoin/countdown/