I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up.
Well there are quite a few people who were looking forward to this happening in the past, so have already mined a lot. More people mining also means more people invested in LTC being a success so more people possibly building services to use the coins they mine. And a stronger network. All positive things. I suspect many are probably dumping for BTC, but thats fine. Cycle of Coin life.
