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Nick_Tarleton comments on Hedging our Bets: The Case for Pursuing Whole Brain Emulation to Safeguard Humanity's Future - Less Wrong
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I agree with a lot of your points about the advantages of WBE vs friendly AI. That said, look at the margins. Quite a few people are already working on WBE. Not very many people are working on friendly AI. Taking this into consideration, I think an extra dollar is better spent on FAI research than WBE research.
Also, a world of uploads without FAI would probably not preserve human values for long. The uploads that changed themselves in such a way to grow faster (convert the most resources or make the most copies of themselves) would replace uploads that preserved human values. For example, an upload could probably make more copies of itself it if deleted its capacities for humor and empathy.
I don't think any human being is stable or sane in the way FAI would be stable and sane.
This is true for the general categories "FAI research" and "WBE research", but very few of those WBE research dollars are going to studies of safety and policy, such as SIAI does, or (I assume) to projects that take safety and policy at all seriously.