For sure. Because GAW completely controls the price of LTC, BTC, and scrypt difficulty. Seems legit.
No, but GAW controls what risks are disclosed at the time of investment/purchase. And if you want to go that route - even LTC mining can still be more profitable than 1 satoshi per MH/s with the oldest available Scrypt ASIC (Gridseed). So how does that match with the "never obsolete" claim?