Great post, I like your opinion on ICOs.
But I don't share it completely. It is good that ICOs in it's current form are banned in some countries. It has really gotten out of hand recently, when suddenly very many stupid companies started searching excuses to get filthy rich with ICOs. For most ICOs, there is no real point in having an own coin, it is just stupid.
On the other hand, good ICOs provide funding to fantastic projects like Ethereum and many others. There has to be a middle ground between the anarchic system we have now and banning them completely.
Only time will tell how this works.
I can totally agree with that, there are some really awesome ICOs that look like they advance the blockchain in good ways and fuel new ideas and test things. But for sure they where overshadowed by all the shady ICO launches. Always more bad then good in this world it seems.