Buying space in the Blockchain (through fees) only works if the amount of available space is limited. I hope we'll quickly run into the 1 MB limit and the limit is NOT increased, then we'll see transfer fees increase. Increasing the limit is the same as printing more fiat currency, the value of space in the Blockchain will tumble towards zero and therefore the fees will too undermining the long term viability of Bitcoin.

If the limit is increased I'm going to seriously consider to reduce my investment in Bitcoin significantly. When the limit is changed once it will be changed in the future as well as this will create a precedent. It's almost as bad as outright increasing the maximum number of Bitcoins from the current 21M maximum.