Ive seen that argument before, but I still believe that the 7 day limit is antithetical to quality content. Yes, it promotes continued posting, but overall it discourages putting a lot of effort into posts. It is also highly artificial, since we know from lots of experience that content is not often discovered or valued when it is first published. This happens with books, movies, scientific papers, etc. I have argued that we need a way to rapidly experiment with different Steem rule-sets so that we can get competition among the rule sets. Ultimately, users will migrate to the rule-set that they like the best.
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You make some valid points...
SMTs will do that. Not all content can be best monetized here, but a movie can't actually be put on the STEEM chain (just a link to a movie). Link to your paid content in your steem blog, use ref link, find other ways to monetize yourself. Document your progress on steem, still look for a theatrical release of your movie or an art gallery for your canvas.