Now I'm not much of a miner, but my only worry about a asic friendly algorithm would be that especially early on after the switch it'd be easy for one person to get all the blocks. On the flip side, cpu-only means someone with a botnet can do the same thing. Tricky decisions.
True. And there's also the spectre of 51% attack.
Definitely a worrisome thought while the coin is just starting to regain traction.