Commentary (for those of you who don't want to hear me bitch, skip this):
I wouldn't want to skip this, you're adressing some very important philosophical and ethical questions in it.
First of all, doing this exploit (do we have some catchy name for it, yet?) is not too easy. While Chaining takes a lot of patience and luck and many repels, this one needs you to find out the DVs/IVs. This can be done by lots of rare candys (can't be bought, AFAIR) or cheat module.
I always thought that people having an AR or pokesav already have their options. Of course, stupid cheaters will do some obvious mistakes in creating their fakes, but eggs always have been a problem. It's one thing that bugs me in the Shiny-Clique - they're not fakes, but as you can't verify them and call them 100%legit, it's no real information.
People having their tools know that - at least the ones that know about legit checking - and what's the need to go through reversePRNGing and tapping the poketch a quadrillion times if you can cheat an egg that is exactly the same within the five minutes of creating it in pokesav?
It's like the double-edge of science is single-edge only. Nuclear power yields nuclear bomb. But in this case, there already is a nuclear bomb and it's far more easier doing it not-the-rng-way.
There will always be people who "play" the game. Wander through the story, use the pokemon they get, finish the E4 and afterstory and then call it's a day.
There will always be kids who love their Piplup because it's the first pokemon they got and it's cute and they don't care whether it's shiny or high-power-DV.
So resetting for shinys and flawless DV has always been the scope for some more... "competitive" (word wrong?) players. Players who want to be the best in battling, battle tower and every battle that might arise. I never really understood them - You often have to start all this stuff after the story's over and as you don't get exp for this battles you can't watch your Pokemon grow.
I hope I'm not the only one seeing those "hardcore battlers" as totally different from regular players. Those already put a lot of work into "improving" their Pokemon and RNGing won't change so much about it.
Shinys are not special. Not anymore. Maybe they used to be, back in gold/silver/crystal when they were designed to show kids the use of GBC. But since GameFreaks decided to flood the market with D/P, that time is long over. Think about it: 1:8192 reduced to 1:2048 simply by choosing the parents - or ~1:200 by chaining. The only thing missing is a guaranteed shiny in story but I guess if the G/S remakes arrive, they'll put in the shiny gyarados again.
Plus: Many shinys don't look special. Evoli's one of my favourite Pokemon but like some other Pokes, it's shiny forme doesn't look any better. I like Ponita and Pachirisu for the same reason - you know they're something as soon as they flash into sight. But I guess they're not worth much at competitive battling.
Some time ago, I started believeing, that Pokemon is doing something very wrong. This means the event-pokemon-stuff - keeping kids from content they bought (in germany those events are very few, in the countrys next to us it's often like none), increasing the number of legendarys while still only giving one master ball (After throwing dozens of hyper balls onto sleeping 1HP-pokemon, one realizes that it's just unfair. I decided to give out MasterBalls then), plus making the shinys so "unspecially special" - making some kids hunt them like crazy.
If someone really wants a shiny, I think it's best to give them the road - instead of letting them starve for hours, days or weeks (Shiny Egg Hunting ran for 1.5 years in a german forum and kids really had their DS on power for days or weeks). After some shinys they'll realise they're not really special - especially if you hunt, cheat or breed them in numbers. If they don't - poor kids.
Some shinys will always be special. I'll never forget the first time that Golbat flashed over my screen (victory road). After it was caught I could have exploded with joy. My second shiny was a Graveller and I guess I had sweaty hands for fearing it might simply explode. Snover on jap. Platinum was a real surprise, too.
They are special - because they showed up randomly. If you caught them yourself, you'll always remember them.
As soon as you start manipulating, they lose a lot of their worth - be it chaining, rng-breeding, resetting or cheating. Random shinys showing up in the wild will always be special in your heart - and even if there's no more regular pokemon, your own caught wild shiny will still be special to you.
TCC