Christian_Szegedy comments on Why Many-Worlds Is Not The Rationally Favored Interpretation - Less Wrong
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My positivist personality disagrees, my Platonic personality agrees with you.
I would even go as far as saying that the ad-hoc state-reduction performed at seemingly arbitrary points is clearly a technical (not just philosophical) defect of the classical view.
On the other hand, the incompleteness of the MW description (not accounting for Born probabilities) is an even more serious practical issue (for the time being): it does not allow us to make any quantitative predictions. If we inject the Born "fairies", back to the theory then we will arrive at the same problem as the classical formalism.
So I'd agree to some extent with the OP, that the most probable future resolution of the problem will be some brand new even more elegant math which will be more satisfactory than any of the above two options.
More details on just how those born probabilities work is the area of physics I would most like answers on. It could greatly clarify the foundations of my utility function!
(PS: Downvote of parent not by me.)