Some interesting thoughts and observations. I enjoyed reading your post. I am a bottom line person, and here's a boiled down prediction and answer to your question.
1) You are right, the FastTrack Network has shown to be the fastest, easiest and best p2p network to date. No other system is better right now.
2) There is no need for iMorpheus right now because the Kazaa lite program is so popular and it's loaded with users and results. (In other words, why use a IMorpheus type clone with only a few users online when the real thing has over 1.5 million online)
3) If the FastTrack network was shut down, or there was some other big disruption in the network, I would be willing to bet that someone will do exactly what you're saying. They would take an older version of Kazaa or Morpheus, change the branding, change some registry settings and it would live forever, decentralized.
I think eventually #3 will happen. I also believe that FastTrack in some sort of open source way will live forever.
Nick
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