1 & 2: Yes, 80% confidence. However I don't think reading the sequences should be a chore. Start with the daily Seq Reruns and follow them for a week or two. If you don't enjoy it, don't read it. The reason I (and probably most people) read the Sequences was because they were fun to read.
3: "Sane" isn't precise enough to answer. However I would say that the allocation would be more sane than currently practiced with 98% confidence.
Often, there are questions you want to know the answers to. You want other people's opinions, because knowing the answer isn't worth the time you'd have to spend to find it, or you're unsure whether your answer is right.
LW seems like a good place to ask these questions because the people here are pretty rational. So, in this thread: You post a top-level comment with some question. Other people reply to your comment with their answers. You upvote answers that you agree with and questions whose answers you'd like to know.
A few (mostly obvious) guidelines:
For questions:
For answers:
This thread is primarily for getting the hivemind's opinions on things, not for debating probabilities of propositions. Debating is also okay, though, especially since it will help question-posters to make up their minds.
Don't be too squeamish about breaking the question-answer format.
This is a followup to my comment in the open thread.