The ICO's have been like buying a lotto ticket. Most of them don't do what they promise, some of them do but still trade below their ICO price and a few do very well. I think they'll have to change, as they wont get interest in the current market. I'd rather wait and see if they can deliver their MVP and get on an exchange with a bit of volume.
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Did you see this video about an ICO concept that solves a lot of the problems you mentioned:
Yes, I did see that. I think there should be a group that issues some basic principles for ICO's and if they don't stick to them, it should be a red flag to anyone thinking of investing. Self regulation by people in the community would be better than government regulations, as they don't work.