It finds the end of the evolution of how we change if we are controlled by ourselves, not by the blind idiot god.
Well considering that we at the point we create the FAI are completely a product of the blind idiot god, and so our CEV is some extrapolation of where that blind idiot had gotten us to at the point we finally got the FAI going, it seems very difficult to me to say that the blind idiot god has at all been taken out of the picture.
I guess the idea is that by US being smart and the FAI being even smarter, we are able to whittle down our values until we get rid of the froth, dopey things like being a virgin when you are married and never telling a lie, move through the 6 stages of morality to the top one, the FAI discovers the next 6 or 12 stages and runs sims or something to cut even more foam and crust until there's only one or two really essential things left.
Of course those one or two things were still placed there by the blind idiot god. And if something other than them had been placed by the blind idiot, CEV would have come up with something else. It does not seem there is any escaping this blind idiot. So what is the value of a scheme who's appeal is the appearance of escaping the blind idiot if the appearance is false?
We are not escaping the blind idiot god in the sense if it not having any control. We are escaping in the sense that we have full control. To some extent, they overlap, but that doesn't matter. I only care about being in control, not about everything else not being in control.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.