sha256 is tried and tested, also in the event that there is a way in which to merge mine POS for example (if thats even possible) then it pays to be compatible with the leading coin, which is Bitcoin.
Also, thousands of people lost a small fortune buying overpriced ASICs, it gives them the opportunity to get something back by using legacy equipment.
Understandable. But at the same time usin a non asic resistant algo (not that theres such a thing for more than a few days) is just asking for miners who just want to dump. I personally think that sha256 gives miners the upper hand and takes away from joe schmoe who wants to mine for a few coins with there gpu/cpu.
But oh well thats just the algo. So who cares Keep it up. Coins that push through fud are always worth investing in.